AGP (TSE:9377) Interest Coverage : 368.96 (As of Dec. 2023)

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What is AGP 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. AGP's Operating Income for the three months ended in Dec. 2023 was 円317 Mil. AGP's Interest Expense for the three months ended in Dec. 2023 was 円-1 Mil. AGP's interest coverage for the quarter that ended in Dec. 2023 was 368.96. 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. AGP Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:9377' s Interest Coverage Range Over the Past 10 Years
Min: 22.3 Med: 63.75 Max: 497.63
Current: 258.38

TSE:9377's Interest Coverage is ranked better than
94.99% of 819 companies
in the Transportation industry
Industry Median: 5.3 vs TSE:9377: 258.38

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

AGP Interest Coverage Historical Data

The historical data trend for AGP'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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AGP Interest Coverage Chart

AGP Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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195.23

497.63

22.30

107.92

AGP 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															147.92	315.77	116.65	243.26	368.96

Competitive Comparison of AGP's Interest Coverage

For the Airports & Air Services subindustry, AGP'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.

AGP's Interest Coverage Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, AGP's Interest Coverage distribution charts can be found below:

* The bar in red indicates where AGP's Interest Coverage falls into.

AGP 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.

AGP'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, AGP's Interest Expense was 円-5 Mil. Its Operating Income was 円528 Mil. And its Long-Term Debt & Capital Lease Obligation was 円618 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	527.819	/	-4.891
	=	107.92

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

Here, for the three months ended in Dec. 2023, AGP's Interest Expense was 円-1 Mil. Its Operating Income was 円317 Mil. And its Long-Term Debt & Capital Lease Obligation was 円488 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	316.935	/	-0.859
	=	368.96

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

AGP (TSE:9377) 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 .

AGP Interest Coverage Related Terms

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

AGP (TSE:9377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » AGP Corp (TSE:9377) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 No. 1, Haneda Airport, Ota-ku, Airport Building No. 2 General Building, Tokyo, JPN, 144-0041

Website

http://www.agpgroup.co.jp

AGP Corp is engaged in supplying electric power and other services for aircraft. Its business activities are divided into six divisions. Power business division supplies power to aircraft as electricity, air conditioning and compressed air. Maintenance and facility business is responsible for maintaining electrical equipment, air-conditioning equipment, sanitation equipment, firefighting equipment, Lifting equipment, among others. Security business manages airport security equipments such as metal detectors, explosive detection equipment. Food system solution business develops, manufactures and sells a new hood cart that makes full use of know-how on in-flight meal cart. Factory vegetable production business. Jet support business offers hangar parking machine and aircraft cleaning.

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