CanBas Co

CanBas Co Interest Coverage

The Interest Coverage Ratio of CanBas Co (4575.T) as of Oct 19, 2026 is -21.28. In the previous year, Interest Coverage Ratio was -169.36 — a change of -87.43% (higher).

Interest Coverage

-21.28

YoY

-87.43%

Last updated:

Interest Coverage Ratio of CanBas Co is 2024 -21.28 . Interest Coverage Ratio of CanBas Co was 2023 -169.36 . It decreases by -87.43% higher compared to the previous year.

The CanBas Co Interest Coverage history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Interest Coverage
Date
Interest Coverage
Jan 1, 2016
-29.03 JPY
Jan 1, 2017
-66.99 JPY
Jan 1, 2018
-229.26 JPY
Jan 1, 2019
-5,857.99 JPY
Jan 1, 2020
-97.98 JPY
Jan 1, 2021
-131.93 JPY
Jan 1, 2022
-169.36 JPY
Jan 1, 2024
-21.28 JPY
The CanBas Co Interest Coverage history
YEARInterest CoverageYoY
-21.28-87.43%
-169.36+28.36%
-131.93+34.66%
-97.98-98.33%
-5,857.99+2,455.14%
-229.26+242.24%
-66.99+130.77%
-29.03+59.34%
-18.22-86.80%
-138.00—

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CanBas Co Stock analysis

What does CanBas Co do? CanBas Co Ltd is a biotechnology company based in Numazu-shi, Japan, operating within the healthcare sector. The company has a small team of 12 employees and went public on September 17, 2009, with its ticker listed as 4575.T and ISIN JP3244570002. Its primary focus is on anticancer drug discovery research, which includes developing drug discovery concepts, selecting candidate compounds through method-based approaches, conducting simple animal studies, and analyzing basic data on anticancer drug candidates entering development. Additionally, CanBas engages in early clinical development activities, such as preclinical studies required before submitting applications for clinical trials and conducting the initial phases of clinical trials. The company maintains a website at https://www.canbas.co.jp/ for further information. CanBas operates as a private entity with a minimal workforce, emphasizing research and development in the early stages of anticancer drug development. It does not provide details on specific products, acquisitions, or financial figures beyond its IPO date and employee count. The company's headquarters are located in Numazu-shi, Shizuoka Prefecture, Japan, and it is listed on the Tokyo Stock Exchange. Its operations are centered around foundational research in oncology, aiming to contribute to the discovery and development of new anticancer treatments. CanBas Co is one of the most popular companies on Eulerpool.

Frequently Asked Questions about CanBas Co stock

Interest Coverage Ratio of CanBas Co is -21.28 in 2024.

Interest Coverage Ratio of CanBas Co changed from -169.36 to -21.28, representing a -87.43% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Interest Coverage Ratio CanBas Co since 2006 – with annual values, charts, and detailed analysis.

The Interest Coverage ratio measures a company's ability to pay interest on its debt. Higher ratios indicate greater financial strength and lower default risk.

Interest Coverage = EBIT / Interest Expense

A 'good' varies by industry and company stage. On Eulerpool, you can compare Interest Coverage Ratio's CanBas Co with sector peers and the industry average to assess whether it is attractive.

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Leverage — CanBas Co

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