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Fast Fitness Japan (TSE:7092) Interest Coverage : 172.80 (As of Dec. 2023)


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What is Fast Fitness Japan 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 Fitness Japan's Operating Income for the three months ended in Dec. 2023 was 円864 Mil. Fast Fitness Japan's Interest Expense for the three months ended in Dec. 2023 was 円-5 Mil. Fast Fitness Japan's interest coverage for the quarter that ended in Dec. 2023 was 172.80. 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 Fitness Japan Inc has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:7092' s Interest Coverage Range Over the Past 10 Years
Min: 22.8   Med: 63.37   Max: 143.16
Current: 143.16


TSE:7092's Interest Coverage is ranked better than
86.68% of 608 companies
in the Travel & Leisure industry
Industry Median: 5.15 vs TSE:7092: 143.16

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 Fitness Japan Interest Coverage Historical Data

The historical data trend for Fast Fitness Japan'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 Fitness Japan Interest Coverage Chart

Fast Fitness Japan Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial 54.90 75.83 48.90 71.83 101.94

Fast Fitness Japan Quarterly Data
Mar18 Mar19 Dec19 Mar20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 127.25 102.14 175.67 135.14 172.80

Competitive Comparison of Fast Fitness Japan's Interest Coverage

For the Leisure subindustry, Fast Fitness Japan'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 Fitness Japan's Interest Coverage Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Fast Fitness Japan's Interest Coverage falls into.



Fast Fitness Japan 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 Fitness Japan's Interest Coverage for the fiscal year that ended in Mar. 2023 is calculated as

Here, for the fiscal year that ended in Mar. 2023, Fast Fitness Japan's Interest Expense was 円-33 Mil. Its Operating Income was 円3,364 Mil. And its Long-Term Debt & Capital Lease Obligation was 円3,239 Mil.

Interest Coverage=-1* Operating Income (A: Mar. 2023 )/Interest Expense (A: Mar. 2023 )
=-1*3364/-33
=101.94

Fast Fitness Japan's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Fast Fitness Japan's Interest Expense was 円-5 Mil. Its Operating Income was 円864 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,193 Mil.

Interest Coverage=-1* Operating Income (Q: Dec. 2023 )/Interest Expense (Q: Dec. 2023 )
=-1*864/-5
=172.80

* 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.


Fast Fitness Japan  (TSE:7092) 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 Fitness Japan Interest Coverage Related Terms

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


Fast Fitness Japan (TSE:7092) Business Description

Traded in Other Exchanges
N/A
Address
Shinjuku-ku, 6-12-1 Park West 6th Floor, Nishi-Shinjuku, Tokyo, JPN, 160-0023
Fast Fitness Japan Inc is an operator of fitness club in Japan. The company engages in planning and management of fitness club under the name anytime fitness.

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