Yoshinoya Holdings Co (TSE:9861) Interest Coverage : 24.89 (As of Nov. 2023)

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What is Yoshinoya Holdings 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. Yoshinoya Holdings Co's Operating Income for the three months ended in Nov. 2023 was 円2,116 Mil. Yoshinoya Holdings Co's Interest Expense for the three months ended in Nov. 2023 was 円-85 Mil. Yoshinoya Holdings Co's interest coverage for the quarter that ended in Nov. 2023 was 24.89. The higher the ratio, the stronger the company's financial strength is.

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

TSE:9861' s Interest Coverage Range Over the Past 10 Years
Min: 0.6 Med: 7.52 Max: 23.59
Current: 23.59

TSE:9861's Interest Coverage is ranked better than
77.31% of 260 companies
in the Restaurants industry
Industry Median: 6.895 vs TSE:9861: 23.59

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

Yoshinoya Holdings Co Interest Coverage Historical Data

The historical data trend for Yoshinoya Holdings 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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Yoshinoya Holdings Co Interest Coverage Chart

Yoshinoya Holdings Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Coverage

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7.27

4.95

8.36

23.59

Yoshinoya Holdings Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Coverage	Get a 7-Day Free Trial															15.11	17.29	30.73	24.89	21.52

Competitive Comparison of Yoshinoya Holdings Co's Interest Coverage

For the Restaurants subindustry, Yoshinoya Holdings 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.

Yoshinoya Holdings Co's Interest Coverage Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Yoshinoya Holdings Co's Interest Coverage distribution charts can be found below:

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

Yoshinoya Holdings 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.

Yoshinoya Holdings Co's Interest Coverage for the fiscal year that ended in Feb. 2024 is calculated as

Here, for the fiscal year that ended in Feb. 2024, Yoshinoya Holdings Co's Interest Expense was 円-338 Mil. Its Operating Income was 円7,974 Mil. And its Long-Term Debt & Capital Lease Obligation was 円17,560 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Feb. 2024 )	/	Interest Expense (A: Feb. 2024 )
	=	-1	*	7974	/	-338
	=	23.59

Yoshinoya Holdings Co's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Here, for the three months ended in Nov. 2023, Yoshinoya Holdings Co's Interest Expense was 円-85 Mil. Its Operating Income was 円2,116 Mil. And its Long-Term Debt & Capital Lease Obligation was 円18,947 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	2116	/	-85
	=	24.89

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

Yoshinoya Holdings Co (TSE:9861) 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 .

Yoshinoya Holdings Co Interest Coverage Related Terms

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

Yoshinoya Holdings Co (TSE:9861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Yoshinoya Holdings Co Ltd (TSE:9861) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

36-2 Nihonbashihakozakicho, 18th Floor Daiwa Rivergate, (Reception on 18th Floor, North Wing), Chuo-ku, Tokyo, JPN, 103-0015

Website

http://www.yoshinoya-holdings.com

Yoshinoya Holdings Co Ltd owns, operates, and franchises thousands of restaurants primarily in Japan. The company has five business segments: Yoshinoya, a restaurant brand that serves gyudon and other fast food and accounts for roughly half of the company's sales; Hanamaru, a self-service sanuki udon restaurant brand; Arcmeal, which operates Steak-no-Don, Shabu Shabu Don-tei, Steak House Volks, and Don Italiano restaurants; Kyotaru, which operates takeout sushi and rotary sushi restaurants called Sushi Misaki Maru, Kaisen Misakiko, and Kyotaru; and Overseas, which operates primarily Yoshinoya restaurants in China, the United States, Thailand, and Malaysia. The company has roughly 2,000 stores in Japan and nearly 700 outside Japan.

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