East Japan Railway Co (East Japan Railway Co) Interest Expense : $-481 Mil (TTM As of Dec. 2023)

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What is East Japan Railway Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. East Japan Railway Co's interest expense for the three months ended in Dec. 2023 was $ -126 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-481 Mil.

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. East Japan Railway Co's Operating Income for the three months ended in Dec. 2023 was $ 741 Mil. East Japan Railway Co's Interest Expense for the three months ended in Dec. 2023 was $ -126 Mil. East Japan Railway Co's Interest Coverage for the quarter that ended in Dec. 2023 was 5.90. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

East Japan Railway Co Interest Expense Historical Data

The historical data trend for East Japan Railway Co's Interest Expense 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.

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East Japan Railway Co Interest Expense Chart

East Japan Railway Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-562.74

-564.56

-558.08

-524.20

-476.97

East Japan Railway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-118.26	-120.69	-117.96	-116.67	-125.66

East Japan Railway Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-481 Mil.

East Japan Railway Co (OTCPK:EJPRY) Interest Expense Explanation

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

East Japan Railway Co's Interest Expense for the three months ended in Dec. 2023 was $-126 Mil. Its Operating Income for the three months ended in Dec. 2023 was $741 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $29,570 Mil.

East Japan Railway Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	741.158	/	-125.655
	=	5.90

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. East Japan Railway Co interest coverage is 4.8, which is low.

East Japan Railway Co (East Japan Railway Co) Business Description

Industry

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9020:Japan EJR0:Germany EJR:Germany EJR:Germany

Address

2-2, Yoyogi 2-chome, Shibuya-ku, Tokyo, JPN, 151-8578

Website

http://www.jreast.co.jp

East Japan Railway Company, or JR East, is the largest railway operator in Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987, though it wasn't fully privatized until 2002. It runs both long distance bullet trains, known as Shinkansen, and shorter municipal train routes around and from Tokyo. Its 7,400 kilometers of rail track covers half of Japan's population and a third of the country's land area. Two thirds of revenue is from transportation, with most of the rest from retail operations and real estate investments.