Micronics Japan Co (TSE:6871) Interest Expense : 円-7 Mil (TTM As of Mar. 2024)

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What is Micronics Japan Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Micronics Japan Co's interest expense for the three months ended in Mar. 2024 was 円 -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-7 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. Micronics Japan Co's Operating Income for the three months ended in Mar. 2024 was 円 2,509 Mil. Micronics Japan Co's Interest Expense for the three months ended in Mar. 2024 was 円 -2 Mil. Micronics Japan Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1,254.50. 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.

Micronics Japan Co Interest Expense Historical Data

The historical data trend for Micronics Japan Co'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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Micronics Japan Co Interest Expense Chart

Micronics Japan Co Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Interest Expense

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-10.00

-12.00

-8.00

-7.00

Micronics Japan Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-1.00	-2.00	-1.00	-2.00	-2.00

Micronics Japan Co 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-7 Mil.

Micronics Japan Co (TSE:6871) 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.

Micronics Japan Co's Interest Expense for the three months ended in Mar. 2024 was 円-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円2,509 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円276 Mil.

Micronics Japan Co'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	*	2509	/	-2
	=	1,254.50

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. Micronics Japan Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Micronics Japan Co (TSE:6871) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micronics Japan Co Ltd (TSE:6871) » Definitions » Interest Expense

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MJ3:Germany

Address

2-6-8 Kichijoji Hon-cho, Musashino-shi, Tokyo, JPN, 180 8508

Website

http://www.mjc.co.jp

Micronics Japan Co Ltd is a Japanese company which is engaged in manufacturing of semiconductor and related products. It mainly produces probe cards for testing the electrical properties of wafers, testing equipment and test sockets for property testing after packaging, and a wafer prober, which is used for evaluation and analysis of devices. The company also offers products such as array probers, which are used for testing the electrical properties of flat panel displays (FDP), automated optical inspection equipment used for the display inspection of panels, and probe units that send electrical signals to test panels. Its product portfolio includes probe cards, package probe, semiconductor test equipment, automated optical inspection equipment, probe units, and FDP prober products.

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