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Aigan Co (TSE:9854) Interest Coverage : N/A (As of Dec. 2023)


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What is Aigan 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. Aigan Co's Operating Income for the three months ended in Dec. 2023 was 円-1 Mil. Aigan Co's Interest Expense for the three months ended in Dec. 2023 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Aigan Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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


TSE:9854's Interest Coverage is not ranked *
in the Retail - Cyclical industry.
Industry Median: 7.81
* Ranked among companies with meaningful Interest Coverage only.

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


Aigan Co Interest Coverage Historical Data

The historical data trend for Aigan 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.

Aigan Co Interest Coverage Chart

Aigan Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Coverage
Get a 7-Day Free Trial Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Aigan Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 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 Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

Competitive Comparison of Aigan Co's Interest Coverage

For the Specialty Retail subindustry, Aigan 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.


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

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

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



Aigan 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.

Aigan Co'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, Aigan Co's Interest Expense was 円0 Mil. Its Operating Income was 円-475 Mil. And its Long-Term Debt & Capital Lease Obligation was 円3 Mil.

GuruFocus does not calculate Aigan Co's interest coverage with the available data.

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

Here, for the three months ended in Dec. 2023, Aigan Co's Interest Expense was 円0 Mil. Its Operating Income was 円-1 Mil. And its Long-Term Debt & Capital Lease Obligation was 円4 Mil.

GuruFocus does not calculate Aigan Co's interest coverage with the available data.

* 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.


Aigan Co  (TSE:9854) 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 .


Aigan Co Interest Coverage Related Terms

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


Aigan Co (TSE:9854) Business Description

Traded in Other Exchanges
N/A
Address
4-9-12 Daido Tennoji-Ku, Osaka, JPN
Aigan Co Ltd develops eyeglasses specialty store that sells eyeglasses and other related products in Japan. Its main products consist of lenses, frames, contact lenses, sunglasses, and other accessories.

Aigan Co (TSE:9854) Headlines

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