Obara Group (TSE:6877) Interest Expense : 円-26 Mil (TTM As of Mar. 2024)

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What is Obara Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Obara Group's interest expense for the three months ended in Mar. 2024 was 円 -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-26 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. Obara Group's Operating Income for the three months ended in Mar. 2024 was 円 2,448 Mil. Obara Group's Interest Expense for the three months ended in Mar. 2024 was 円 -7 Mil. Obara Group's Interest Coverage for the quarter that ended in Mar. 2024 was 349.71. 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.

Obara Group Interest Expense Historical Data

The historical data trend for Obara Group'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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Obara Group Interest Expense Chart

Obara Group Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-21.00

-36.00

-34.00

-29.00

-25.00

Obara Group 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															-6.00	-7.00	-6.00	-6.00	-7.00

Obara Group 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-26 Mil.

Obara Group (TSE:6877) 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.

Obara Group's Interest Expense for the three months ended in Mar. 2024 was 円-7 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円2,448 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円437 Mil.

Obara Group'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	*	2448	/	-7
	=	349.71

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. Obara Group Inc has enough cash to cover all of its debt. Its financial situation is stable.

Obara Group (TSE:6877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Obara Group Inc (TSE:6877) » Definitions » Interest Expense

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Address

4-2-37 Oogami, Ayase-shi, Kanagawa, JPN, 252-1104

Website

http://www.obara-g.com

Obara Group Inc is a Japanese supplier of welding and polishing solutions. The company offers resistance welding systems for the automotive industry and arc welding tools for the shipbuilding and construction industries. The polishing business sells polishing machines under the SpeedFam brand primarily to electronic and precision industries, including the treatment of silicon wafers, mobile phones and personal computer electronics, flat panels, memory disks, and opto-electronic parts.

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