Tsurumi Manufacturing Co (TSE:6351) Interest Coverage : 156.43 (As of Dec. 2023)

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What is Tsurumi Manufacturing 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. Tsurumi Manufacturing Co's Operating Income for the three months ended in Dec. 2023 was 円2,190 Mil. Tsurumi Manufacturing Co's Interest Expense for the three months ended in Dec. 2023 was 円-14 Mil. Tsurumi Manufacturing Co's interest coverage for the quarter that ended in Dec. 2023 was 156.43. 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. Tsurumi Manufacturing Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:6351' s Interest Coverage Range Over the Past 10 Years
Min: 169.92 Med: 481.4 Max: 618.5
Current: 217.72

TSE:6351's Interest Coverage is ranked better than
87.13% of 2300 companies
in the Industrial Products industry
Industry Median: 13.505 vs TSE:6351: 217.72

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

Tsurumi Manufacturing Co Interest Coverage Historical Data

The historical data trend for Tsurumi Manufacturing 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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Tsurumi Manufacturing Co Interest Coverage Chart

Tsurumi Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Coverage

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397.77

252.41

551.20

605.67

194.43

Tsurumi Manufacturing 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															274.75	195.89	292.50	156.43	176.73

Competitive Comparison of Tsurumi Manufacturing Co's Interest Coverage

For the Specialty Industrial Machinery subindustry, Tsurumi Manufacturing 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.

Tsurumi Manufacturing Co's Interest Coverage Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tsurumi Manufacturing Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Tsurumi Manufacturing Co's Interest Coverage falls into.

Tsurumi Manufacturing 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.

Tsurumi Manufacturing 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, Tsurumi Manufacturing Co's Interest Expense was 円-46 Mil. Its Operating Income was 円8,944 Mil. And its Long-Term Debt & Capital Lease Obligation was 円8,893 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2024 )	/	Interest Expense (A: Mar. 2024 )
	=	-1	*	8944	/	-46
	=	194.43

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

Here, for the three months ended in Dec. 2023, Tsurumi Manufacturing Co's Interest Expense was 円-14 Mil. Its Operating Income was 円2,190 Mil. And its Long-Term Debt & Capital Lease Obligation was 円9,012 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2190	/	-14
	=	156.43

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

Tsurumi Manufacturing Co (TSE:6351) 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 .

Tsurumi Manufacturing Co Interest Coverage Related Terms

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

Tsurumi Manufacturing Co (TSE:6351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tsurumi Manufacturing Co Ltd (TSE:6351) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-16-40 Tsurumi, Tsurumi-ku, Osaka-shi, Osaka, JPN, 538-8585

Website

http://www.tsurumipump.co.jp

Tsurumi Manufacturing Co Ltd is a Japan-based company mainly engaged in the manufacture, purchase, sale, lease, rent, and repair of water pumps. The company offers products including submersible and non-submersible construction dewatering pumps, submersible sewage and wastewater pumps, submersible seawater pumps, non-submersible clean water pumps, and other submersible pumps. It also provides liquid ring pumps, water treatment equipment comprising of aeration equipment, scum skimmers, decanters, dehydrators, and screening equipment, portable generators, and liquid level sensors. Additionally, the company's products are used in construction and mining, industrial and energy, agricultural and irrigation, river and flood control, waterworks and wastewater, and environmental protection fields.

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