Nikon (NINOY) Interest Expense : $-66 Mil (TTM As of Dec. 2023)

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What is Nikon Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nikon's interest expense for the three months ended in Dec. 2023 was $ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-66 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. Nikon's Operating Income for the three months ended in Dec. 2023 was $ 145 Mil. Nikon's Interest Expense for the three months ended in Dec. 2023 was $ -21 Mil. Nikon's Interest Coverage for the quarter that ended in Dec. 2023 was 6.79. 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.

Nikon Interest Expense Historical Data

The historical data trend for Nikon'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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Nikon Interest Expense Chart

Nikon Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-34.49

-17.72

-20.59

-30.72

-44.30

Nikon 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															-27.58	-8.19	-23.02	-13.56	-21.29

Nikon 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 $-66 Mil.

Nikon (OTCPK:NINOY) 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.

Nikon's Interest Expense for the three months ended in Dec. 2023 was $-21 Mil. Its Operating Income for the three months ended in Dec. 2023 was $145 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $544 Mil.

Nikon'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	*	144.526	/	-21.294
	=	6.79

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

Nikon (NINOY) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Nikon Corp (OTCPK:NINOY) » Definitions » Interest Expense

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NINOF:USA 7731:Japan NKN:Germany

Address

Konan 2-15-3 Shinagawa Intercity Building C, Minato-ku, Tokyo, JPN, 108-6290

Website

http://www.nikon.co.jp

Nikon manufactures photography and videography equipment. The company organises itself into various segments based on product type: imaging products, precision equipment, instruments, medical, and other business. The imaging products and precision equipment businesses collectively constitute the vast majority of company revenue. The imaging products business, which contributes more than half of consolidated revenue, principally produces digital cameras and interchangeable lenses. The precision equipment business produces semiconductor lithography systems for the production of semiconductors, and FPD lithography systems for the production of LCD and OLED panels.

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