Wakita (TSE:8125) Interest Expense : 円-190 Mil (TTM As of Nov. 2023)

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What is Wakita Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wakita's interest expense for the three months ended in Nov. 2023 was 円 -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was 円-190 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. Wakita's Operating Income for the three months ended in Nov. 2023 was 円 1,504 Mil. Wakita's Interest Expense for the three months ended in Nov. 2023 was 円 -48 Mil. Wakita's Interest Coverage for the quarter that ended in Nov. 2023 was 31.33. 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.

Wakita Interest Expense Historical Data

The historical data trend for Wakita'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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Wakita Interest Expense Chart

Wakita Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-98.00

-101.00

-105.00

-144.00

-190.00

Wakita Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-47.00	-44.00	-45.00	-48.00	-53.00

Wakita 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-190 Mil.

Wakita (TSE:8125) 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.

Wakita's Interest Expense for the three months ended in Nov. 2023 was 円-48 Mil. Its Operating Income for the three months ended in Nov. 2023 was 円1,504 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was 円528 Mil.

Wakita's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	1504	/	-48
	=	31.33

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

Wakita (TSE:8125) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Wakita & Co Ltd (TSE:8125) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1-3-20 Edobori, Nishi-ku, Osaka, JPN, 550-0002

Website

http://www.wakita.co.jp

Wakita & Co Ltd is a trading company that manufactures, sells, and leases civil engineering and construction equipment. It also conducts business in diverse fields, including audiovisual equipment, stone materials for construction use, and industrial and commercial facilities and equipment. Wakita provides comprehensive assistance, from construction to finance, for a broad range of industrial facilities and equipment in manufacturing, transportation, communications, agricultural, medical and information communications industries. The company operates through over 70 offices across Japan.

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