SPARX Group Co (SPARX Group Co) Interest Coverage

: 95.60 (As of Dec. 2023)

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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. SPARX Group Co's Operating Income for the three months ended in Dec. 2023 was $10.6 Mil. SPARX Group Co's Interest Expense for the three months ended in Dec. 2023 was $-0.1 Mil. SPARX Group Co's interest coverage for the quarter that ended in Dec. 2023 was 95.60. The higher the ratio, the stronger the company's financial strength is.

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

SRXXF' s Interest Coverage Range Over the Past 10 Years
Min: 39.5 Med: 86.38 Max: 156.38
Current: 97.6

SRXXF's Interest Coverage is ranked better than
57.14% of 448 companies
in the Asset Management industry
Industry Median: 38 vs SRXXF: 97.60

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

SPARX Group Co Interest Coverage Historical Data

The historical data trend for SPARX Group 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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SPARX Group Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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84.74

73.37

99.15

99.48

78.14

SPARX Group 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															73.40	82.02	96.80	118.31	95.60

Competitive Comparison

For the Asset Management subindustry, SPARX Group 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.

SPARX Group Co Interest Coverage Distribution

For the Asset Management industry and Financial Services sector, SPARX Group Co's Interest Coverage distribution charts can be found below:

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

SPARX Group 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.

SPARX Group 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, SPARX Group Co's Interest Expense was $-0.5 Mil. Its Operating Income was $42.7 Mil. And its Long-Term Debt & Capital Lease Obligation was $37.4 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	42.667	/	-0.546
	=	78.14

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

Here, for the three months ended in Dec. 2023, SPARX Group Co's Interest Expense was $-0.1 Mil. Its Operating Income was $10.6 Mil. And its Long-Term Debt & Capital Lease Obligation was $48.6 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	10.612	/	-0.111
	=	95.60

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

SPARX Group Co (OTCPK:SRXXF) 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 .

SPARX Group Co Interest Coverage Related Terms

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

SPARX Group Co (SPARX Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SPARX Group Co Ltd (OTCPK:SRXXF) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

8739:Japan

Address

1-2-70 Konan, Shinagawa Season Terrace, 6th Floor, Minato-ku, Tokyo, JPN, 108 0075

Website

http://www.sparx.jp

SPARX Group Co Ltd is a Japan-based holding company engaged in the Asset Management Business and Investment Advisory Business, through its subsidiaries. It operates a variety of investment strategies through a host of entities. The group invests on behalf of corporate pension annuities, government entities, private and trust banks, and public pension funds. Strategies include Japanese equity, Asia ex-Japan alternatives, and Korean strategies. In addition to mutual fund offerings, the company offers advisory services to customers in Japan. Mutual fund offerings are offered directly or through brokerage houses, banks, and other intermediaries globally.

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