Kawai Musical Instruments Manufacturing Co (TSE:7952) Interest Coverage : N/A (As of Sep. 2024)

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What is Kawai Musical Instruments Manufacturing 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. Kawai Musical Instruments Manufacturing Co's Operating Income for the three months ended in Sep. 2024 was 円0 Mil. Kawai Musical Instruments Manufacturing Co's Interest Expense for the three months ended in Sep. 2024 was 円0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

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

TSE:7952' s Interest Coverage Range Over the Past 10 Years
Min: 43.79 Med: 62.6 Max: 169.05
Current: 45.86

TSE:7952's Interest Coverage is ranked better than
80.4% of 607 companies
in the Travel & Leisure industry
Industry Median: 4.44 vs TSE:7952: 45.86

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

Kawai Musical Instruments Manufacturing Co Interest Coverage Historical Data

The historical data trend for Kawai Musical Instruments Manufacturing 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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Kawai Musical Instruments Manufacturing Co Interest Coverage Chart

Kawai Musical Instruments Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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65.82

44.82

83.71

59.38

45.86

Kawai Musical Instruments Manufacturing Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Interest Coverage	Get a 7-Day Free Trial															43.28	57.39	56.41	26.94	N/A

Competitive Comparison of Kawai Musical Instruments Manufacturing Co's Interest Coverage

For the Leisure subindustry, Kawai Musical Instruments Manufacturing 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.

Kawai Musical Instruments Manufacturing Co's Interest Coverage Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Kawai Musical Instruments Manufacturing Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Kawai Musical Instruments Manufacturing Co's Interest Coverage falls into.

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Kawai Musical Instruments Manufacturing 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.

Kawai Musical Instruments Manufacturing 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, Kawai Musical Instruments Manufacturing Co's Interest Expense was 円-71 Mil. Its Operating Income was 円3,256 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,921 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	3256	/	-71
	=	45.86

Kawai Musical Instruments Manufacturing Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Here, for the three months ended in Sep. 2024, Kawai Musical Instruments Manufacturing Co's Interest Expense was 円0 Mil. Its Operating Income was 円0 Mil. And its Long-Term Debt & Capital Lease Obligation was 円2,578 Mil.

GuruFocus does not calculate Kawai Musical Instruments Manufacturing Co's interest coverage with the available data.

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

Kawai Musical Instruments Manufacturing Co (TSE:7952) 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 .

Kawai Musical Instruments Manufacturing Co Interest Coverage Related Terms

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

Kawai Musical Instruments Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kawai Musical Instruments Manufacturing Co Ltd (TSE:7952) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Terajima-cho Naka-ku, Shizuoka, Hamamatsu, JPN, 430-8665

Website

http://www.kawai.co.jp

Kawai Musical Instruments Manufacturing Co Ltd is a Japan-based musical instrument manufacturer. The company is mainly engaged in manufacturing and sales of musical instruments, precision metals, wood products, and electronic devices. Products offered by the company include grand pianos, upright pianos, digital pianos, hybrid pianos, and anytime pianos. It sells its products under the brand name Philosophy, Legacy, Artists, Competitions, and Institutions. Kawai has world-wide sales networks, it distributes its products in Europe, America, Asia and Oceania, Africa and the Middle East. The company is also engaged in the development and sales of software and operations of music schools, and gymnastics schools.

Kawai Musical Instruments Manufacturing Co Headlines

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