Micronics Japan Co (TSE:6871) Interest Coverage : 1,254.50 (As of Mar. 2024)

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What is Micronics Japan 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. Micronics Japan Co's Operating Income for the three months ended in Mar. 2024 was 円2,509 Mil. Micronics Japan Co's Interest Expense for the three months ended in Mar. 2024 was 円-2 Mil. Micronics Japan Co's interest coverage for the quarter that ended in Mar. 2024 was 1,254.50. 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. Micronics Japan Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:6871' s Interest Coverage Range Over the Past 10 Years
Min: 15.54 Med: 124.55 Max: 1318
Current: 835.14

TSE:6871's Interest Coverage is ranked better than
91.45% of 620 companies
in the Semiconductors industry
Industry Median: 20.9 vs TSE:6871: 835.14

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

Micronics Japan Co Interest Coverage Historical Data

The historical data trend for Micronics Japan 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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Micronics Japan Co Interest Coverage Chart

Micronics Japan Co Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Interest Coverage

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319.60

146.70

173.00

1,030.50

1,318.00

Micronics Japan Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															1,975.00	-	913.00	1,324.00	1,254.50

Competitive Comparison of Micronics Japan Co's Interest Coverage

For the Semiconductor Equipment & Materials subindustry, Micronics Japan 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.

Micronics Japan Co's Interest Coverage Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micronics Japan Co's Interest Coverage distribution charts can be found below:

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

Micronics Japan 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.

Micronics Japan Co's Interest Coverage for the fiscal year that ended in Dec. 2022 is calculated as

Here, for the fiscal year that ended in Dec. 2022, Micronics Japan Co's Interest Expense was 円-7 Mil. Its Operating Income was 円9,226 Mil. And its Long-Term Debt & Capital Lease Obligation was 円439 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2022 )	/	Interest Expense (A: Dec. 2022 )
	=	-1	*	9226	/	-7
	=	1,318.00

Micronics Japan Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Micronics Japan Co's Interest Expense was 円-2 Mil. Its Operating Income was 円2,509 Mil. And its Long-Term Debt & Capital Lease Obligation was 円276 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2509	/	-2
	=	1,254.50

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

Micronics Japan Co (TSE:6871) 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 .

Micronics Japan Co Interest Coverage Related Terms

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

Micronics Japan Co (TSE:6871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micronics Japan Co Ltd (TSE:6871) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

MJ3:Germany

Address

2-6-8 Kichijoji Hon-cho, Musashino-shi, Tokyo, JPN, 180 8508

Website

http://www.mjc.co.jp

Micronics Japan Co Ltd is a Japanese company which is engaged in manufacturing of semiconductor and related products. It mainly produces probe cards for testing the electrical properties of wafers, testing equipment and test sockets for property testing after packaging, and a wafer prober, which is used for evaluation and analysis of devices. The company also offers products such as array probers, which are used for testing the electrical properties of flat panel displays (FDP), automated optical inspection equipment used for the display inspection of panels, and probe units that send electrical signals to test panels. Its product portfolio includes probe cards, package probe, semiconductor test equipment, automated optical inspection equipment, probe units, and FDP prober products.

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