Iwatani (TSE:8088) Interest Expense : 円-1,843 Mil (TTM As of Dec. 2023)

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What is Iwatani Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iwatani's interest expense for the three months ended in Dec. 2023 was 円 -509 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-1,843 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. Iwatani's Operating Income for the three months ended in Dec. 2023 was 円 17,315 Mil. Iwatani's Interest Expense for the three months ended in Dec. 2023 was 円 -509 Mil. Iwatani's Interest Coverage for the quarter that ended in Dec. 2023 was 34.02. 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.

Iwatani Interest Expense Historical Data

The historical data trend for Iwatani'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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Iwatani Interest Expense Chart

Iwatani Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-874.00

-911.00

-833.00

-1,191.00

-1,843.00

Iwatani 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															-331.00	-414.00	-411.00	-509.00	-509.00

Iwatani 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-1,843 Mil.

Iwatani (TSE:8088) 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.

Iwatani's Interest Expense for the three months ended in Dec. 2023 was 円-509 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円17,315 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円99,450 Mil.

Iwatani'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	*	17315	/	-509
	=	34.02

The higher the ratio, the stronger the company's financial strength is.

Iwatani (TSE:8088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Iwatani Corp (TSE:8088) » Definitions » Interest Expense

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IWTNF:USA IWA:Germany

Address

6-4, Hommachi 3-chome, Chuo-ku, Osaka, JPN, 541-0053

Website

http://www.iwatani.co.jp

Iwatani Corp is a Japanese conglomerate involved in a variety of energy, industrial, and food services activities. Iwatani segments its operations into Energy, Industrial Gases and Machinery, Materials, and Agri-bio and Foods businesses. The company derives the majority of its revenue from its Energy division. In this unit, Iwatani supplies LPG and petroleum products for household, commercial, and industrial use. The company's Industrial Gases & Machinery and Materials divisions are also responsible for significant income streams. These segments supply high-pressure gases, such as hydrogen and nitrogen, and rare earth metals used in the manufacturing of technology products, respectively. The vast majority of Iwatani's revenue comes from its operations in Japan.

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