TV Tokyo Holdings (TSE:9413) Interest Coverage : 501.17 (As of Dec. 2023)

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What is TV Tokyo Holdings 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. TV Tokyo Holdings's Operating Income for the three months ended in Dec. 2023 was 円3,007 Mil. TV Tokyo Holdings's Interest Expense for the three months ended in Dec. 2023 was 円-6 Mil. TV Tokyo Holdings's interest coverage for the quarter that ended in Dec. 2023 was 501.17. 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. TV Tokyo Holdings Corp has enough cash to cover all of its debt. Its financial situation is stable.

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

TSE:9413' s Interest Coverage Range Over the Past 10 Years
Min: 190.04 Med: 232.87 Max: 401.52
Current: 274

TSE:9413's Interest Coverage is ranked better than
84.95% of 618 companies
in the Media - Diversified industry
Industry Median: 11.18 vs TSE:9413: 274.00

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

TV Tokyo Holdings Interest Coverage Historical Data

The historical data trend for TV Tokyo Holdings'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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TV Tokyo Holdings Interest Coverage Chart

TV Tokyo Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Coverage

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205.21

190.04

209.36

357.88

401.52

TV Tokyo Holdings 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															680.20	156.00	181.50	277.00	501.17

Competitive Comparison of TV Tokyo Holdings's Interest Coverage

For the Broadcasting subindustry, TV Tokyo Holdings'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.

TV Tokyo Holdings's Interest Coverage Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TV Tokyo Holdings's Interest Coverage distribution charts can be found below:

* The bar in red indicates where TV Tokyo Holdings's Interest Coverage falls into.

TV Tokyo Holdings 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.

TV Tokyo Holdings'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, TV Tokyo Holdings's Interest Expense was 円-23 Mil. Its Operating Income was 円9,235 Mil. And its Long-Term Debt & Capital Lease Obligation was 円1,197 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Mar. 2023 )	/	Interest Expense (A: Mar. 2023 )
	=	-1	*	9235	/	-23
	=	401.52

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

Here, for the three months ended in Dec. 2023, TV Tokyo Holdings's Interest Expense was 円-6 Mil. Its Operating Income was 円3,007 Mil. And its Long-Term Debt & Capital Lease Obligation was 円608 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	3007	/	-6
	=	501.17

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

TV Tokyo Holdings (TSE:9413) 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 .

TV Tokyo Holdings Interest Coverage Related Terms

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

TV Tokyo Holdings (TSE:9413) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TV Tokyo Holdings Corp (TSE:9413) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

Roppongi Grand Tower 3-2-1, Roppongi, Minato-ku, Tokyo, JPN, 106-8007

Website

http://www.txhd.co.jp

TV Tokyo Holdings Corporation operates in the broadcasting space in Japan. It is primarily involved in the terrestrial broadcasting business apart from its operation through other segments such as Broadcasting - Peripheral and Satellite Broadcasting. The Terrestrial Broadcasting segment is engaged in the sale of programs to other broadcasters, the provision of broadcast program and film rights, as well as the organization of events. The Broadcasting- peripheral segment is involved in the planning and production of programs, the mail-order business and the Broadcasting Satellite (BS) segment provides TV programs by BS digital broadcasting.

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