Nippon Kayaku Co (TSE:4272) Interest Coverage : 0 (At Loss) (As of Dec. 2023)

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What is Nippon Kayaku 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. Nippon Kayaku Co's Operating Income for the three months ended in Dec. 2023 was 円-657 Mil. Nippon Kayaku Co's Interest Expense for the three months ended in Dec. 2023 was 円-87 Mil. did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is.

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

TSE:4272' s Interest Coverage Range Over the Past 10 Years
Min: 47.16 Med: 142.59 Max: 256.73
Current: 47.16

TSE:4272's Interest Coverage is ranked better than
78.04% of 1175 companies
in the Chemicals industry
Industry Median: 9.88 vs TSE:4272: 47.16

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 Kayaku Co Interest Coverage Historical Data

The historical data trend for Nippon Kayaku 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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Nippon Kayaku Co Interest Coverage Chart

Nippon Kayaku Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

Get a 7-Day Free Trial

102.79

105.98

144.71

256.73

208.80

Nippon Kayaku 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															101.89	305.50	49.66	-	-

Competitive Comparison of Nippon Kayaku Co's Interest Coverage

For the Chemicals subindustry, Nippon Kayaku 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.

Nippon Kayaku Co's Interest Coverage Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Kayaku Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Nippon Kayaku Co's Interest Coverage falls into.

Nippon Kayaku 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.

Nippon Kayaku 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, Nippon Kayaku Co's Interest Expense was 円-103 Mil. Its Operating Income was 円21,506 Mil. And its Long-Term Debt & Capital Lease Obligation was 円16,200 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	21506	/	-103
	=	208.80

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

Here, for the three months ended in Dec. 2023, Nippon Kayaku Co's Interest Expense was 円-87 Mil. Its Operating Income was 円-657 Mil. And its Long-Term Debt & Capital Lease Obligation was 円13,500 Mil.

Nippon Kayaku Co did not have earnings to cover the interest expense.

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

Nippon Kayaku Co (TSE:4272) 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 Kayaku Co Interest Coverage Related Terms

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

Nippon Kayaku Co (TSE:4272) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nippon Kayaku Co Ltd (TSE:4272) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

NP7:Germany

Address

1-1, Marunouchi 2-chome, Chiyoda-ku, Meiji Yasuda Seimei Building 19th and 20th Floors, Tokyo, JPN, 100-0005

Website

http://www.nipponkayaku.co.jp

Nippon Kayaku Co Ltd manufactures and sells a variety of chemicals. The firm organizes itself into four segments based on product type. The functional chemicals segment, which generates more revenue than any other segment, sells epoxy resins used as flame retardants in electronics, colorants and dyes used in inkjet printers and the manufacture of textiles. The pharmaceuticals segment sells anti-cancer drugs, biological drugs, cardiovascular agents, vitamin compounds, and anti-inflammatory agents. The safety systems segment sells airbag inflators and micro gas generators for seatbelt pretensioners to the automotive industry, both of which are used to protect passengers during an accident. The agrochemicals segment sells insecticides and herbicides. The majority of revenue comes from Asia.

Nippon Kayaku Co (TSE:4272) Headlines

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