Nippon Hotel & Residential Investment (TSE:3472) Interest Coverage : 12.72 (As of May. 2023)

Nippon Hotel & Residential Investment Interest Coverage Chart

Nippon Hotel & Residential Investment Semi-Annual Data
	May17	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23
Interest Coverage	Get a 7-Day Free Trial								11.65	10.36	10.23	10.24	12.72

Competitive Comparison of Nippon Hotel & Residential Investment's Interest Coverage

For the REIT - Hotel & Motel subindustry, Nippon Hotel & Residential Investment'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.

Nippon Hotel & Residential Investment's Interest Coverage Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Nippon Hotel & Residential Investment's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Nippon Hotel & Residential Investment's Interest Coverage falls into.

Nippon Hotel & Residential Investment 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

Else if Interest Expense is negative and Operating Income is negative, then

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

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

Nippon Hotel & Residential Investment's Interest Coverage for the fiscal year that ended in Nov. 2022 is calculated as

Here, for the fiscal year that ended in Nov. 2022, Nippon Hotel & Residential Investment's Interest Expense was 円-104 Mil. Its Operating Income was 円1,060 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

Nippon Hotel & Residential Investment's Interest Coverage for the quarter that ended in May. 2023 is calculated as

Here, for the six months ended in May. 2023, Nippon Hotel & Residential Investment's Interest Expense was 円-41 Mil. Its Operating Income was 円524 Mil. And its Long-Term Debt & Capital Lease Obligation was 円0 Mil.

* 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.

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

Nippon Hotel & Residential Investment  (TSE:3472) 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 .

Nippon Hotel & Residential Investment Interest Coverage Related Terms

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Nippon Hotel & Residential Investment (TSE:3472) Business Description