Fujisash Co (TSE:5940) Interest Coverage : 8.68 (As of Sep. 2024)

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What is Fujisash 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. Fujisash Co's Operating Income for the three months ended in Sep. 2024 was 円642 Mil. Fujisash Co's Interest Expense for the three months ended in Sep. 2024 was 円-74 Mil. Fujisash Co's interest coverage for the quarter that ended in Sep. 2024 was 8.68. The higher the ratio, the stronger the company's financial strength is.

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

TSE:5940' s Interest Coverage Range Over the Past 10 Years
Min: 2.31 Med: 5.37 Max: 8.9
Current: 8.9

TSE:5940's Interest Coverage is ranked better than
55.8% of 1294 companies
in the Construction industry
Industry Median: 6.795 vs TSE:5940: 8.90

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

Fujisash Co Interest Coverage Historical Data

The historical data trend for Fujisash 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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Fujisash Co Interest Coverage Chart

Fujisash Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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2.36

2.31

3.69

2.94

6.74

Fujisash Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Coverage	Get a 7-Day Free Trial															5.08	0.64	35.25	-	8.68

Competitive Comparison of Fujisash Co's Interest Coverage

For the Building Products & Equipment subindustry, Fujisash 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.

Fujisash Co's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Fujisash Co's Interest Coverage distribution charts can be found below:

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

Fujisash 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.

Fujisash Co's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Fujisash Co's Interest Expense was 円-263 Mil. Its Operating Income was 円1,773 Mil. And its Long-Term Debt & Capital Lease Obligation was 円10,972 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	1773	/	-263
	=	6.74

Fujisash Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Fujisash Co's Interest Expense was 円-74 Mil. Its Operating Income was 円642 Mil. And its Long-Term Debt & Capital Lease Obligation was 円12,420 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	642	/	-74
	=	8.68

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

Fujisash Co (TSE:5940) 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 .

Fujisash Co Interest Coverage Related Terms

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

Fujisash Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fujisash Co Ltd (TSE:5940) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-32-1, Nishigotanda, Shinagawa-ku, Tokyo, JPN, 141-0031

Website

http://www.fujisash.co.jp

Fujisash Co Ltd engages in the manufacture and sale of building and housing construction materials. It offers sashes and curtain walls for buildings; building renewal services to various apartments and office buildings; frontage products, such as entrances of apartments and offices, as well as aperture facades of shops and showrooms; housing construction materials; multipurpose prefabricated house modules, and housing equipment; and LED modules. The company also provides urban waste processing systems to manufacture agents; and plant engineering of recycling and large-sized waste disposal facilities, and commodities as a supplier of light metals of aluminum. In addition, it is involved in the research and development of extrusion processing technology for magnesium alloys.

Fujisash Co Headlines

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