The Japan Steel Works (The Japan Steel Works) Interest Expense : $-1 Mil (TTM As of Dec. 2023)

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What is The Japan Steel Works Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. The Japan Steel Works's interest expense for the three months ended in Dec. 2023 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1 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. The Japan Steel Works's Operating Income for the three months ended in Dec. 2023 was $ 38 Mil. The Japan Steel Works's Interest Expense for the three months ended in Dec. 2023 was $ -0 Mil. The Japan Steel Works's Interest Coverage for the quarter that ended in Dec. 2023 was 102.93. 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.

The Japan Steel Works Interest Expense Historical Data

The historical data trend for The Japan Steel Works'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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The Japan Steel Works Interest Expense Chart

The Japan Steel Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-2.21

-2.31

-2.53

-2.37

-1.57

The Japan Steel Works 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															-0.36	-0.39	-0.37	-0.36	-0.37

The Japan Steel Works 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 $-1 Mil.

The Japan Steel Works (OTCPK:JPSWY) 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.

The Japan Steel Works's Interest Expense for the three months ended in Dec. 2023 was $-0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $180 Mil.

The Japan Steel Works'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	*	37.88	/	-0.368
	=	102.93

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. The Japan Steel Works Ltd has enough cash to cover all of its debt. Its financial situation is stable.

The Japan Steel Works (The Japan Steel Works) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Japan Steel Works Ltd (OTCPK:JPSWY) » Definitions » Interest Expense

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5631:Japan J9R:Germany

Address

Gate City Ohsaki-West Tower, 11-1, Osaki 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0032

Website

http://www.jsw.co.jp

The Japan Steel Works Ltd is a Japan-based company that primarily operates through two segments. The steel and energy products segment provides steel components for turbine shafts, steel components for nuclear reactors, steel casting for power plant turbines, oil refining equipment, high-pressure steel tankers, wind turbine systems, and various other steel products. The industrial machinery products segment offers polyolefin pelletizers, injection molding machines, extruders, film and sheet machines, blow molding machines, defense equipment, and other industrial machinery and related services and solutions. The company generates the majority of its sales from Japan and China.