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SKY Perfect JSAT Holdings (TSE:9412) Financial Strength : 5 (As of Mar. 2024)


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What is SKY Perfect JSAT Holdings Financial Strength?

SKY Perfect JSAT Holdings has the Financial Strength Rank of 5.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

SKY Perfect JSAT Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 12.91. SKY Perfect JSAT Holdings's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.53. As of today, SKY Perfect JSAT Holdings's Altman Z-Score is 2.64.


Competitive Comparison of SKY Perfect JSAT Holdings's Financial Strength

For the Broadcasting subindustry, SKY Perfect JSAT Holdings's Financial Strength, along with its competitors' market caps and Financial Strength 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.


SKY Perfect JSAT Holdings's Financial Strength Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, SKY Perfect JSAT Holdings's Financial Strength distribution charts can be found below:

* The bar in red indicates where SKY Perfect JSAT Holdings's Financial Strength falls into.



SKY Perfect JSAT Holdings Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

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

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:

SKY Perfect JSAT Holdings's Interest Expense for the months ended in Mar. 2024 was 円-465 Mil. Its Operating Income for the months ended in Mar. 2024 was 円6,003 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was 円55,016 Mil.

SKY Perfect JSAT Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is

Interest Coverage=-1*Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*6003/-465
=12.91

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

SKY Perfect JSAT Holdings's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is

Debt to Revenue Ratio=Total Debt (Q: Mar. 2024 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(10793 + 55016) / 123400
=0.53

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

SKY Perfect JSAT Holdings has a Z-score of 2.64, indicating it is in Grey Zones. This implies that SKY Perfect JSAT Holdings is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.

Warning Sign:

Altman Z-score of 2.64 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.

* 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.


SKY Perfect JSAT Holdings  (TSE:9412) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

SKY Perfect JSAT Holdings has the Financial Strength Rank of 5.


SKY Perfect JSAT Holdings Financial Strength Related Terms

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SKY Perfect JSAT Holdings (TSE:9412) Business Description

Traded in Other Exchanges
Address
1-8-1 Akasaka, Akasaka Intercity AIR, Minato-ku, Tokyo, JPN, 107-0052
SKY Perfect JSAT Holdings Inc Formerly SKY Perfect JSAT Corp is a Japan-based company engaged in providing broadcasting and communication services. It offers mobile satellite communication services, pay-per-view TV channel services and high-definition broadcasting services. The company consists of two operating divisions, which are Multichannel Pay TV Business and Space and Satellite Business. The Multichannel Pay TV Business offers platform services such as customer management activities to broadcasting businesses and delivers broadcasting services. Space and Satellite Business offers communication satellite circuits to the broadcasting businesses and satellite communication services, such as data communication and mobile communication, to the government, public entities and corporations.

SKY Perfect JSAT Holdings (TSE:9412) Headlines

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