Japan Ecosystem Co (TSE:9249) Interest Coverage : 107.31 (As of Mar. 2024)

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What is Japan Ecosystem 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. Japan Ecosystem Co's Operating Income for the three months ended in Mar. 2024 was 円290 Mil. Japan Ecosystem Co's Interest Expense for the three months ended in Mar. 2024 was 円-3 Mil. Japan Ecosystem Co's interest coverage for the quarter that ended in Mar. 2024 was 107.31. The higher the ratio, the stronger the company's financial strength is.

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

TSE:9249' s Interest Coverage Range Over the Past 10 Years
Min: 20.53 Med: 52.03 Max: 91.98
Current: 54.44

TSE:9249's Interest Coverage is ranked better than
70.26% of 612 companies
in the Media - Diversified industry
Industry Median: 11.615 vs TSE:9249: 54.44

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

Japan Ecosystem Co Interest Coverage Historical Data

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

Japan Ecosystem Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Coverage

22.12

20.53

52.03

91.98

72.60

Japan Ecosystem Co Quarterly Data
	Sep19	Sep20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial									101.18	37.20	38.02	29.80	107.31

Competitive Comparison of Japan Ecosystem Co's Interest Coverage

For the Entertainment subindustry, Japan Ecosystem 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.

Japan Ecosystem Co's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Japan Ecosystem Co's Interest Coverage distribution charts can be found below:

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

Japan Ecosystem 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.

Japan Ecosystem Co's Interest Coverage for the fiscal year that ended in Sep. 2023 is calculated as

Here, for the fiscal year that ended in Sep. 2023, Japan Ecosystem Co's Interest Expense was 円-9 Mil. Its Operating Income was 円636 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,200 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Sep. 2023 )	/	Interest Expense (A: Sep. 2023 )
	=	-1	*	635.739	/	-8.757
	=	72.60

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

Here, for the three months ended in Mar. 2024, Japan Ecosystem Co's Interest Expense was 円-3 Mil. Its Operating Income was 円290 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,237 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	289.739	/	-2.7
	=	107.31

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

Japan Ecosystem Co (TSE:9249) 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 .

Japan Ecosystem Co Interest Coverage Related Terms

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Japan Ecosystem Co (TSE:9249) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Japan Ecosystem Co Ltd (TSE:9249) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

9249:Japan

Address

2-2-11 Honmachi, JES Ichinomiya Building, Ichinomiya-shi, Aichi, Ichinomiya, JPN, 491-0859

Website

https://www.jp-eco.co.jp/en/index.html

Japan Ecosystem Co Ltd is engaged in the Environmental Business, Public Service Business, Transportation Infrastructure Business and other business. Under the Environmental Business the company enhances the efficiency of wastewater purification; Public service business includes designs,production,sale,installation and maintenance of totalizator system in public competition stadiums; the Transportation Infrastructure Business focuses on engineering of highway such as structure inspection,maintenance of telecommunication facilities and traffic control; and other business includes the system maintenance business, business related to the provision of ICT solutions utilizing AI technology, and real estate brokerage, sales, leasing, and other real estate related businesses.

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