SECOM Co (SECOM Co) Interest Expense : $-7 Mil (TTM As of Dec. 2023)

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What is SECOM Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SECOM Co's interest expense for the three months ended in Dec. 2023 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-7 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. SECOM Co's Operating Income for the three months ended in Dec. 2023 was $ 281 Mil. SECOM Co's Interest Expense for the three months ended in Dec. 2023 was $ -2 Mil. SECOM Co's Interest Coverage for the quarter that ended in Dec. 2023 was 131.93. 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.

SECOM Co Interest Expense Historical Data

The historical data trend for SECOM 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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SECOM Co Interest Expense Chart

SECOM Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-7.09

-7.25

-7.58

-7.06

-6.50

SECOM 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															-1.53	-1.71	-1.44	-1.45	-2.13

SECOM 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 $-7 Mil.

SECOM Co (OTCPK:SOMLY) 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.

SECOM Co's Interest Expense for the three months ended in Dec. 2023 was $-2 Mil. Its Operating Income for the three months ended in Dec. 2023 was $281 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $255 Mil.

SECOM 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	*	281.279	/	-2.132
	=	131.93

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. SECOM Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

SECOM Co (SECOM Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SECOM Co Ltd (OTCPK:SOMLY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SOMLF:USA 9735:Japan XSC:Germany

Address

5-1, Jingumae 1-chome, Shibuya-ku, Tokyo, JPN, 150-0001

Website

http://www.secom.co.jp

SECOM Co Ltd is a provider of security services and surveillance systems. The company operates seven business segments: security services, fire protection services, medical services, insurance services, geographic information services, information- and communication-related services, and real estate and other services. The largest segment by revenue, security services, offers electronic security services and systems, including online commercial and home security systems and large-scale surveillance services. Other segments offer fire protection and detection services, as well as medical dispensing services for home care and hospitals. The company generates most of its revenue in Japan.

SECOM Co (SECOM Co) Headlines

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