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Media Research Institute (TSE:9242) Interest Coverage : No Debt (1) (As of Apr. 2024)


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What is Media Research Institute 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. Media Research Institute's Operating Income for the three months ended in Apr. 2024 was 円27 Mil. Media Research Institute's Interest Expense for the three months ended in Apr. 2024 was 円0 Mil. Media Research Institute has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Media Research Institute Inc 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 Media Research Institute's Interest Coverage or its related term are showing as below:

TSE:9242' s Interest Coverage Range Over the Past 10 Years
Min: 56.64   Med: No Debt   Max: No Debt
Current: No Debt


TSE:9242's Interest Coverage is ranked better than
99.01% of 806 companies
in the Business Services industry
Industry Median: 13.47 vs TSE:9242: 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.


Media Research Institute Interest Coverage Historical Data

The historical data trend for Media Research Institute'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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Media Research Institute Interest Coverage Chart

Media Research Institute Annual Data
Trend Jul19 Jul20 Jul21 Jul22 Jul23
Interest Coverage
153.94 No Debt No Debt 56.64 No Debt

Media Research Institute Quarterly Data
Jul19 Jul20 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 No Debt No Debt No Debt No Debt No Debt

Competitive Comparison of Media Research Institute's Interest Coverage

For the Staffing & Employment Services subindustry, Media Research Institute'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.


Media Research Institute's Interest Coverage Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Media Research Institute's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Media Research Institute's Interest Coverage falls into.



Media Research Institute 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.

Media Research Institute's Interest Coverage for the fiscal year that ended in Jul. 2023 is calculated as

Here, for the fiscal year that ended in Jul. 2023, Media Research Institute's Interest Expense was 円0 Mil. Its Operating Income was 円203 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Media Research Institute had no debt (1).

Media Research Institute's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Here, for the three months ended in Apr. 2024, Media Research Institute's Interest Expense was 円0 Mil. Its Operating Income was 円27 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Media Research Institute 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.


Media Research Institute  (TSE:9242) 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 .


Media Research Institute Interest Coverage Related Terms

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


Media Research Institute (TSE:9242) Business Description

Traded in Other Exchanges
N/A
Address
2-8-1 Daimyo, Higo Tenjinho Building 6th Floor, Fukuoka Chuo-ku, Fukuoka, JPN, 810-0041
Media Research Institute Inc is primarily involved in the planning of job hunting events for technical college and university students.

Media Research Institute (TSE:9242) Headlines

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