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Toagosei Co (TSE:4045) Interest Expense : 円-134 Mil (TTM As of Mar. 2024)


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What is Toagosei Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Toagosei Co's interest expense for the three months ended in Mar. 2024 was 円 -35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-134 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. Toagosei Co's Operating Income for the three months ended in Mar. 2024 was 円 3,552 Mil. Toagosei Co's Interest Expense for the three months ended in Mar. 2024 was 円 -35 Mil. Toagosei Co's Interest Coverage for the quarter that ended in Mar. 2024 was 101.49. 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.

Toagosei Co Interest Expense Historical Data

The historical data trend for Toagosei 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.

* Premium members only.

Toagosei Co Interest Expense Chart

Toagosei Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -95.00 -94.00 -94.00 -100.00 -131.00

Toagosei 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -32.00 -31.00 -33.00 -35.00 -35.00

Toagosei 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-134 Mil.

* 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.

Toagosei Co  (TSE:4045) Interest Expense Explanation

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 higher, the better.

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

Toagosei Co's Interest Expense for the three months ended in Mar. 2024 was 円-35 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円3,552 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円8,694 Mil.

Toagosei Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*3552/-35
=101.49

* 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.

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

Toagosei Co (TSE:4045) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toagosei Co Ltd (TSE:4045) » Definitions » Interest Expense
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Traded in Other Exchanges
TOAGF:USA
Address
1-14-1 Nishi Shinbashi, Minatoku, Tokyo, JPN, 105-8419
Website
http://www.toagosei.co.jp
Toagosei Co Ltd manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into four segments based on product type. The acrylic products segment, which generates more revenue than any other segment, sells acrylate esters, acrylic polymers, and UV-curable resins, which are used in paints, textiles and cosmetics, and electronics. The commodity chemicals segment sells caustic soda, sulfuric acid, and sodium hypochlorite, which are used to make paper, fertilizers, and water treatment products. The specialty chemicals segment sells adhesives, electronic materials, and construction materials. The plastics segment sells piping equipment and nursing care products. The majority of revenue comes from Japan.

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