Fast Accounting Co (TSE:5588) Interest Coverage : No Debt ⁽¹⁾ (As of Dec. 2024)

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What is Fast Accounting Co Interest Coverage?

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. Fast Accounting Co's Operating Income for the three months ended in Dec. 2024 was 円0 Mil. Fast Accounting Co's Interest Expense for the three months ended in Dec. 2024 was 円0 Mil. Fast Accounting Co has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Fast Accounting Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

(1) Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Fast Accounting Co's Interest Coverage or its related term are showing as below:

TSE:5588' s Interest Coverage Range Over the Past 10 Years
Min: 433.12 Med: 712.88 Max: 793.69
Current: 433.12

TSE:5588's Interest Coverage is ranked better than
79.63% of 1674 companies
in the Software industry
Industry Median: 26.06 vs TSE:5588: 433.12

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fast Accounting Co Interest Coverage Historical Data

The historical data trend for Fast Accounting Co's Interest Coverage can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Fast Accounting Co Interest Coverage Chart

Fast Accounting Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Interest Coverage

632.07

793.69

Fast Accounting Co Quarterly Data
	Dec21	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Dec24
Interest Coverage	Get a 7-Day Free Trial			1,205.88	339.79	428.82	443.72	No Debt

Competitive Comparison of Fast Accounting Co's Interest Coverage

For the Software - Infrastructure subindustry, Fast Accounting Co's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fast Accounting Co's Interest Coverage Distribution in the Software Industry

For the Software industry and Technology sector, Fast Accounting Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Fast Accounting Co's Interest Coverage falls into.

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Fast Accounting Co Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Fast Accounting Co's Interest Coverage for the fiscal year that ended in Dec. 2024 is calculated as

Here, for the fiscal year that ended in Dec. 2024, Fast Accounting Co's Interest Expense was 円-0 Mil. Its Operating Income was 円182 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2024 )	/	Interest Expense (A: Dec. 2024 )
	=	-1	*	181.754	/	-0.229
	=	793.69

Fast Accounting Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Here, for the three months ended in Dec. 2024, Fast Accounting Co's Interest Expense was 円0 Mil. Its Operating Income was 円0 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Fast Accounting Co had no debt ⁽¹⁾.

The higher the ratio, the stronger the company's Financial Strength is.

Fast Accounting Co (TSE:5588) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Fast Accounting Co Interest Coverage Related Terms

Thank you for viewing the detailed overview of Fast Accounting Co's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Fast Accounting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fast Accounting Co Ltd (TSE:5588) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-6-15 Hamamatsucho, VORT Hamamatsucho I 3rd Floor, Minato-ku, Tokyo, JPN, 105-0013

Website

https://www.fastaccounting.jp

Fast Accounting Co Ltd is engaged in AI solution business specializing in the field of accounting. Its services include invoice Automation of input/confirmation, Automated invoice matching, Automate receipt input/confirmation, Automated receipt matching and others.

Fast Accounting Co Headlines

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Fast Accounting Co (TSE:5588) Interest Coverage : No Debt (1) (As of Dec. 2024)