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NCXX Group (TSE:6634) Interest Coverage : 0 (At Loss) (As of May. 2024)


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What is NCXX Group 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. NCXX Group's Operating Income for the three months ended in May. 2024 was 円-141.4 Mil. NCXX Group's Interest Expense for the three months ended in May. 2024 was 円-0.2 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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


TSE:6634's Interest Coverage is not ranked *
in the Hardware industry.
Industry Median: 13.49
* Ranked among companies with meaningful Interest Coverage only.

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


NCXX Group Interest Coverage Historical Data

The historical data trend for NCXX Group'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.

* Premium members only.

NCXX Group Interest Coverage Chart

NCXX Group Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 49.74 -

NCXX Group Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Interest Coverage Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of NCXX Group's Interest Coverage

For the Communication Equipment subindustry, NCXX Group'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.


NCXX Group's Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, NCXX Group's Interest Coverage distribution charts can be found below:

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



NCXX Group 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.

NCXX Group's Interest Coverage for the fiscal year that ended in Nov. 2023 is calculated as

Here, for the fiscal year that ended in Nov. 2023, NCXX Group's Interest Expense was 円-0.9 Mil. Its Operating Income was 円-211.6 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.

NCXX Group did not have earnings to cover the interest expense.

NCXX Group's Interest Coverage for the quarter that ended in May. 2024 is calculated as

Here, for the three months ended in May. 2024, NCXX Group's Interest Expense was 円-0.2 Mil. Its Operating Income was 円-141.4 Mil. And its Long-Term Debt & Capital Lease Obligation was 円186.8 Mil.

NCXX Group did not have earnings to cover the interest expense.

* 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.

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


NCXX Group  (TSE:6634) 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 .


NCXX Group Interest Coverage Related Terms

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


NCXX Group Business Description

Traded in Other Exchanges
N/A
Address
2-32-1 Kunuginome, Iwate Prefecture, Hanamaki, JPN, 025-0323
NCXX Group Inc is engaged in the planning, development, and sales of rehabilitation robots, agricultural ICT, and associated or related projects. The company also focuses on management strategy formulation and management of group companies.

NCXX Group Headlines

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