Daito Trust Construction Co (TSE:1878) Interest Coverage : 218.03 (As of Mar. 2024)

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What is Daito Trust Construction 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. Daito Trust Construction Co's Operating Income for the three months ended in Mar. 2024 was 円23,547 Mil. Daito Trust Construction Co's Interest Expense for the three months ended in Mar. 2024 was 円-108 Mil. Daito Trust Construction Co's interest coverage for the quarter that ended in Mar. 2024 was 218.03. 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. Daito Trust Construction Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:1878' s Interest Coverage Range Over the Past 10 Years
Min: 129.08 Med: 268.39 Max: 609.32
Current: 237.68

TSE:1878's Interest Coverage is ranked better than
89.05% of 1342 companies
in the Real Estate industry
Industry Median: 3.915 vs TSE:1878: 237.68

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

Daito Trust Construction Co Interest Coverage Historical Data

The historical data trend for Daito Trust Construction 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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Daito Trust Construction Co Interest Coverage Chart

Daito Trust Construction Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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609.32

299.10

230.01

233.65

237.68

Daito Trust Construction Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial															199.56	209.91	251.27	273.28	218.03

Competitive Comparison of Daito Trust Construction Co's Interest Coverage

For the Real Estate - Diversified subindustry, Daito Trust Construction 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.

Daito Trust Construction Co's Interest Coverage Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Daito Trust Construction Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Daito Trust Construction Co's Interest Coverage falls into.

Daito Trust Construction 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.

Daito Trust Construction Co's Interest Coverage for the fiscal year that ended in Mar. 2024 is calculated as

Here, for the fiscal year that ended in Mar. 2024, Daito Trust Construction Co's Interest Expense was 円-441 Mil. Its Operating Income was 円104,819 Mil. And its Long-Term Debt & Capital Lease Obligation was 円68,832 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	104819	/	-441
	=	237.68

Daito Trust Construction Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Daito Trust Construction Co's Interest Expense was 円-108 Mil. Its Operating Income was 円23,547 Mil. And its Long-Term Debt & Capital Lease Obligation was 円68,832 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	23547	/	-108
	=	218.03

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

Daito Trust Construction Co (TSE:1878) 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 .

Daito Trust Construction Co Interest Coverage Related Terms

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

Daito Trust Construction Co (TSE:1878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Daito Trust Construction Co Ltd (TSE:1878) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

DIFTY:USA 4D7:Germany

Address

2-16-1, Konan, Minato-ku, Tokyo, JPN, 108-8211

Website

http://www.kentaku.co.jp

Daito Trust Construction Co Ltd engages in the design and construction of apartments, condominiums, rental office buildings, factories, and warehouses. Additional activities include tenant recruiting, building maintenance, and contracting arrangements. A Lease Management Trust System sits at the center of Daito's operations. Under this system, business is divided between the construction business and the real estate business. The company plans and proposes building rental businesses to landowners, and then designs and constructs the contracted rental buildings. Daito also recruits tenants for its constructed rental buildings and provides property management and operation services for the buildings.

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