Skymark Airlines (TSE:9204) Interest Coverage : 17.73 (As of Dec. 2023)

Skymark Airlines Interest Coverage Chart

Skymark Airlines Annual Data
	Trend	Mar09	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar21	Mar22	Mar23
Interest Coverage		Get a 7-Day Free Trial					-	-	-	-	7.51

Skymark Airlines Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Coverage	Get a 7-Day Free Trial															15.70	0.56	-	40.14	17.73

Competitive Comparison of Skymark Airlines's Interest Coverage

For the Airports & Air Services subindustry, Skymark Airlines'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.

Skymark Airlines's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Skymark Airlines's Interest Coverage distribution charts can be found below:

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

Skymark Airlines 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Skymark Airlines'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, Skymark Airlines's Interest Expense was 円-461 Mil. Its Operating Income was 円3,461 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,572 Mil.

Skymark Airlines's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, Skymark Airlines's Interest Expense was 円-119 Mil. Its Operating Income was 円2,110 Mil. And its Long-Term Debt & Capital Lease Obligation was 円9,625 Mil.

* 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.

Skymark Airlines  (TSE:9204) 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 .

Skymark Airlines Interest Coverage Related Terms

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Skymark Airlines (TSE:9204) Business Description