Heiwa (TSE:6412) Interest Coverage : 60.74 (As of Dec. 2024)

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What is Heiwa 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. Heiwa's Operating Income for the three months ended in Dec. 2024 was 円13,363 Mil. Heiwa's Interest Expense for the three months ended in Dec. 2024 was 円-220 Mil. Heiwa's interest coverage for the quarter that ended in Dec. 2024 was 60.74. The higher the ratio, the stronger the company's financial strength is.

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

TSE:6412' s Interest Coverage Range Over the Past 10 Years
Min: 13.25 Med: 37.05 Max: 70.07
Current: 52.62

TSE:6412's Interest Coverage is ranked better than
80.98% of 610 companies
in the Travel & Leisure industry
Industry Median: 4.465 vs TSE:6412: 52.62

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

Heiwa Interest Coverage Historical Data

The historical data trend for Heiwa'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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Heiwa Interest Coverage Chart

Heiwa Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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57.17

13.25

26.25

70.07

59.62

Heiwa Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Coverage	Get a 7-Day Free Trial															72.88	40.36	65.07	39.71	60.74

Competitive Comparison of Heiwa's Interest Coverage

For the Leisure subindustry, Heiwa'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.

Heiwa's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Heiwa's Interest Coverage distribution charts can be found below:

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

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Heiwa 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.

Heiwa'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, Heiwa's Interest Expense was 円-393 Mil. Its Operating Income was 円23,431 Mil. And its Long-Term Debt & Capital Lease Obligation was 円94,276 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	23431	/	-393
	=	59.62

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

Here, for the three months ended in Dec. 2024, Heiwa's Interest Expense was 円-220 Mil. Its Operating Income was 円13,363 Mil. And its Long-Term Debt & Capital Lease Obligation was 円96,216 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	13363	/	-220
	=	60.74

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

Heiwa (TSE:6412) 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 .

Heiwa Interest Coverage Related Terms

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

Heiwa Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Heiwa Corp (TSE:6412) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Chome-16-1 Higashiueno, Taito-ku, Tokyo, JPN, 110-0015

Website

http://www.heiwanet.co.jp

Heiwa Corp is a gambling company involved in the manufacturing and sales of pachinko and pachislot machines. The company operates in two business segments: game machines and golf. The game machine business develops pachinko machines, a gambling device with pinball-like characteristics, which are sold to pachinko parlors throughout Japan. Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko machines under the objective of winning more balls, which can then be exchanged for prizes. Pachislot machines, which are a similar gambling device with characteristics of pachinko and slot machines, are developed in a similar manner. The company's golf segment operates a number of golf courses. Heiwa generates the vast majority of its revenue in Japan.

Heiwa Headlines

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