Econavista (TSE:5585) Interest Coverage : No Debt ⁽¹⁾ (As of Jan. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Econavista 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. Econavista's Operating Income for the three months ended in Jan. 2024 was 円133.4 Mil. Econavista's Interest Expense for the three months ended in Jan. 2024 was 円0.0 Mil. Econavista has no debt. The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Econavista 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 Econavista's Interest Coverage or its related term are showing as below:

TSE:5585' s Interest Coverage Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: 26269
Current: No Debt

TSE:5585's Interest Coverage is ranked better than
99.51% of 406 companies
in the Healthcare Providers & Services industry
Industry Median: 9.145 vs TSE:5585: 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.

Econavista Interest Coverage Historical Data

The historical data trend for Econavista'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.

Econavista Interest Coverage Chart

Econavista Annual Data

Trend

Oct21

Oct22

Oct23

Interest Coverage

26,269.00

No Debt

Econavista Quarterly Data
	Oct21	Oct22	Apr23	Jul23	Oct23	Jan24
Interest Coverage	Get a 7-Day Free Trial			No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison of Econavista's Interest Coverage

For the Health Information Services subindustry, Econavista'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.

Econavista's Interest Coverage Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Econavista's Interest Coverage distribution charts can be found below:

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

Econavista 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.

Econavista's Interest Coverage for the fiscal year that ended in Oct. 2023 is calculated as

Here, for the fiscal year that ended in Oct. 2023, Econavista's Interest Expense was 円0.0 Mil. Its Operating Income was 円385.2 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.

Econavista had no debt ⁽¹⁾.

Econavista's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Here, for the three months ended in Jan. 2024, Econavista's Interest Expense was 円0.0 Mil. Its Operating Income was 円133.4 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0.0 Mil.

Econavista had no debt ⁽¹⁾.

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

Econavista (TSE:5585) 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 .

Econavista Interest Coverage Related Terms

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

Econavista (TSE:5585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Econavista Inc (TSE:5585) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-1 Kioicho, KKD Building 6 Floor, Chiyoda-ku, Tokyo, JPN, 102-0094

Website

https://www.econavista.com

Econavista Inc is engaged in the Development of AI for predicting health status transition through sleep analysis technology and its application to solve social challenges, such as its AI-backed services of Life Rhythm Navi. It automatically records your daily living conditions (life rhythm) and works with specialized medical institutions to visualize the signs of dementia and diseases that are common among the elderly (heat stroke, sleep disorders, etc.). It is a monitoring system to prevent sudden changes in physical conditions and accidents in preventive medicine.

Econavista (TSE:5585) Headlines

No Headlines

Econavista (TSE:5585) Interest Coverage : No Debt (1) (As of Jan. 2024)