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NODA SCREEN CO., (TSE:6790) Interest Coverage : No Debt (1) (As of Oct. 2012)


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What is NODA SCREEN 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. NODA SCREEN CO.,'s Operating Income for the three months ended in Oct. 2012 was 円45 Mil. NODA SCREEN CO.,'s Interest Expense for the three months ended in Oct. 2012 was 円0 Mil. NODA SCREEN CO., has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

NODA SCREEN CO., Ltd. has no debt.

(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 NODA SCREEN CO.,'s Interest Coverage or its related term are showing as below:

TSE:6790' s Interest Coverage Range Over the Past 10 Years
Min: 0   Med: No Debt   Max: No Debt
Current: No Debt


TSE:6790's Interest Coverage is not ranked
in the Hardware industry.
Industry Median: 12.52 vs TSE:6790: No Debt

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


NODA SCREEN CO., Interest Coverage Historical Data

The historical data trend for NODA SCREEN 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.

* Premium members only.

NODA SCREEN CO., Interest Coverage Chart

NODA SCREEN CO., Annual Data
Trend Apr08 Apr09 Apr10 Apr11 Apr12
Interest Coverage
740.71 188.03 No Debt No Debt No Debt

NODA SCREEN CO., Quarterly Data
Apr10 Jan11 Apr11 Jul11 Oct11 Jan12 Apr12 Jul12 Oct12
Interest Coverage Get a 7-Day Free Trial Premium Member Only No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of NODA SCREEN CO.,'s Interest Coverage

For the Electronic Components subindustry, NODA SCREEN 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.


NODA SCREEN CO.,'s Interest Coverage Distribution in the Hardware Industry

For the Hardware industry and Technology sector, NODA SCREEN CO.,'s Interest Coverage distribution charts can be found below:

* The bar in red indicates where NODA SCREEN CO.,'s Interest Coverage falls into.



NODA SCREEN 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.

NODA SCREEN CO.,'s Interest Coverage for the fiscal year that ended in Apr. 2012 is calculated as

Here, for the fiscal year that ended in Apr. 2012, NODA SCREEN CO.,'s Interest Expense was 円0 Mil. Its Operating Income was 円273 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

NODA SCREEN CO., had no debt (1).

NODA SCREEN CO.,'s Interest Coverage for the quarter that ended in Oct. 2012 is calculated as

Here, for the three months ended in Oct. 2012, NODA SCREEN CO.,'s Interest Expense was 円0 Mil. Its Operating Income was 円45 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

NODA SCREEN CO., had no debt (1).

* 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.


NODA SCREEN CO.,  (TSE:6790) 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 .


NODA SCREEN CO., Interest Coverage Related Terms

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NODA SCREEN CO., (TSE:6790) Business Description

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