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Morito Co (TSE:9837) Interest Coverage : 175.16 (As of May. 2024)


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What is Morito 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. Morito Co's Operating Income for the three months ended in May. 2024 was 円821 Mil. Morito Co's Interest Expense for the three months ended in May. 2024 was 円-5 Mil. Morito Co's interest coverage for the quarter that ended in May. 2024 was 175.16. 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. Morito Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:9837' s Interest Coverage Range Over the Past 10 Years
Min: 59.32   Med: 199.23   Max: 300.91
Current: 165.18


TSE:9837's Interest Coverage is ranked better than
89.9% of 772 companies
in the Retail - Cyclical industry
Industry Median: 8.335 vs TSE:9837: 165.18

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


Morito Co Interest Coverage Historical Data

The historical data trend for Morito 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.

Morito Co Interest Coverage Chart

Morito Co Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only 203.89 59.32 151.38 160.72 194.57

Morito Co Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
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 Premium Member Only Premium Member Only 317.63 115.27 170.57 202.99 175.16

Competitive Comparison of Morito Co's Interest Coverage

For the Apparel Retail subindustry, Morito 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.


Morito Co's Interest Coverage Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Morito Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Morito Co's Interest Coverage falls into.



Morito 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.

Morito Co's Interest Coverage for the fiscal year that ended in Nov. 2023 is calculated as

Here, for the fiscal year that ended in Nov. 2023, Morito Co's Interest Expense was 円-13 Mil. Its Operating Income was 円2,464 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,167 Mil.

Interest Coverage=-1* Operating Income (A: Nov. 2023 )/Interest Expense (A: Nov. 2023 )
=-1*2464.46/-12.666
=194.57

Morito Co's Interest Coverage for the quarter that ended in May. 2024 is calculated as

Here, for the three months ended in May. 2024, Morito Co's Interest Expense was 円-5 Mil. Its Operating Income was 円821 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,003 Mil.

Interest Coverage=-1* Operating Income (Q: May. 2024 )/Interest Expense (Q: May. 2024 )
=-1*821.146/-4.688
=175.16

* 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.


Morito Co  (TSE:9837) 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 .


Morito Co Interest Coverage Related Terms

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


Morito Co Business Description

Traded in Other Exchanges
N/A
Address
4-2-4 Minami-Honmachi Chuo-ku, Osaka, JPN, 541-0054
Morito Co Ltd produces and sells eyelets, hooks, flat fasteners, and other apparel and footwear accessories and articles as well as materials for camera components and vehicle interiors.

Morito Co Headlines

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