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Nichias (TSE:5393) Interest Expense : 円-160 Mil (TTM As of Mar. 2024)


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What is Nichias Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nichias's interest expense for the three months ended in Mar. 2024 was 円 -42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-160 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. Nichias's Operating Income for the three months ended in Mar. 2024 was 円 9,711 Mil. Nichias's Interest Expense for the three months ended in Mar. 2024 was 円 -42 Mil. Nichias's Interest Coverage for the quarter that ended in Mar. 2024 was 231.21. 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.

Nichias Interest Expense Historical Data

The historical data trend for Nichias'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.

Nichias Interest Expense Chart

Nichias Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -166.00 -170.00 -146.00 -163.00 -160.00

Nichias Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
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 -25.00 -50.00 -43.00 -42.00 -

Nichias 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-160 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.

Nichias  (TSE:5393) 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.

Nichias's Interest Expense for the three months ended in Mar. 2024 was 円-42 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円9,711 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円700 Mil.

Nichias'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*9711/-42
=231.21

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

Nichias Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Nichias Corp (TSE:5393) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
6-1, Hatchobori 1-chome, Chuo-ku, Tokyo, JPN, 104-8555
Website
http://www.nichias.co.jp
Nichias Corp is engaged in five businesses, each contributing between roughly 10% and 30% of the company's total revenue. Energy and Industrial Plants, the largest business by sales, provides engineering services and products to energy plant customers that have construction and maintenance needs. Industrial Products provides a wide range of products to the infrastructure industry. Autoparts provides heat-proofing and sound-proofing products to automobile and automobile parts manufacturers. Building Materials supplies and installs fireproof building materials for residences and buildings. Advanced Products, the smallest business, provides components and materials for semiconductors to electronics-related industries. Nearly all the company's sales are in Asia, with more than 80% from Japan.

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