Nissin Foods Holdings Co (TSE:2897) Interest Expense : 円-583 Mil (TTM As of Dec. 2023)

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What is Nissin Foods Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nissin Foods Holdings Co's interest expense for the three months ended in Dec. 2023 was 円 -386 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-583 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. Nissin Foods Holdings Co's Operating Income for the three months ended in Dec. 2023 was 円 20,780 Mil. Nissin Foods Holdings Co's Interest Expense for the three months ended in Dec. 2023 was 円 -386 Mil. Nissin Foods Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 was 53.83. 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.

Nissin Foods Holdings Co Interest Expense Historical Data

The historical data trend for Nissin Foods Holdings 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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Nissin Foods Holdings Co Interest Expense Chart

Nissin Foods Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1,147.00

-1,193.00

-503.00

-943.00

-584.00

Nissin Foods Holdings Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-145.00	-132.00	-264.00	-386.00	199.00

Nissin Foods Holdings 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 円-583 Mil.

Nissin Foods Holdings Co (TSE:2897) 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.

Nissin Foods Holdings Co's Interest Expense for the three months ended in Dec. 2023 was 円-386 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円20,780 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円24,967 Mil.

Nissin Foods Holdings 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	*	20780	/	-386
	=	53.83

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

Nissin Foods Holdings Co (TSE:2897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nissin Foods Holdings Co Ltd (TSE:2897) » Definitions » Interest Expense

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Address

1-1, 4-chome, Nishinakajima, Yodogawa-ku, Osaka, JPN, 532-8524

Website

https://www.nissin.com/en_jp

Nissin Foods is Japan's largest instant noodle manufacturer and was the first in the world to invent and launch instant noodles. It also invented the first instant noodle product in cup containers. Cup Noodles is its global brand, marketed in Asia, the Americas, and Europe. Instant noodles account for more than three fourths of group sales and 80% of operating profits, while Japan remains the key contributor, representing roughly 75% of group sales and 85% of profits. Other products include frozen/chilled noodles, confectionery, and lactic acid drinks.

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