Asahi Yukizai (TSE:4216) Interest Expense : 円-16 Mil (TTM As of Dec. 2023)

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What is Asahi Yukizai Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asahi Yukizai's interest expense for the three months ended in Dec. 2023 was 円 -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-16 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. Asahi Yukizai's Operating Income for the three months ended in Dec. 2023 was 円 4,164 Mil. Asahi Yukizai's Interest Expense for the three months ended in Dec. 2023 was 円 -7 Mil. Asahi Yukizai's Interest Coverage for the quarter that ended in Dec. 2023 was 594.86. 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.

Asahi Yukizai Interest Expense Historical Data

The historical data trend for Asahi Yukizai'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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Asahi Yukizai Interest Expense Chart

Asahi Yukizai Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-25.00

-23.00

-27.00

-16.00

Asahi Yukizai 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															-9.00	-9.00	4.00	-7.00	-4.00

Asahi Yukizai 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-16 Mil.

Asahi Yukizai (TSE:4216) 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.

Asahi Yukizai's Interest Expense for the three months ended in Dec. 2023 was 円-7 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円4,164 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円0 Mil.

Asahi Yukizai'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	*	4164	/	-7
	=	594.86

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. Asahi Yukizai Corp has enough cash to cover all of its debt. Its financial situation is stable.

Asahi Yukizai (TSE:4216) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Asahi Yukizai Corp (TSE:4216) » Definitions » Interest Expense

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Address

20th Floor, World Trade Center Building, 4-1 Hamamatsu-Cho 2-Chome, Minato-Ku, Tokyo, JPN, 105-6120

Website

http://www.asahi-yukizai.co.jp

Asahi Yukizai Corp engages in the manufacture and sale of industrial resins and piping materials. The firm offers synthetic resin piping material for valves, pipes, fittings, and other locations, as well as the Dymatrix high-performance synthetic resin piping material for LCD- and semiconductor-related systems; and foundry materials and functional resins for casting, molding materials, high functional materials, and others. It also engages in the development and supply of water and thermal resources, including well drilling and geothermal exploitation, and hot spring exploitation; design and construction of water utility facilities and reuse of wastewater; industrial water and wastewater treatment; and provision of public sewage facilities.

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