Higashimaru Co (FSE:2058) Interest Expense : 円-37 Mil (TTM As of Dec. 2023)

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What is Higashimaru Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Higashimaru Co's interest expense for the three months ended in Dec. 2023 was 円 -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-37 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. Higashimaru Co's Operating Income for the three months ended in Dec. 2023 was 円 154 Mil. Higashimaru Co's Interest Expense for the three months ended in Dec. 2023 was 円 -11 Mil. Higashimaru Co's Interest Coverage for the quarter that ended in Dec. 2023 was 14.00. 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.

Higashimaru Co Interest Expense Historical Data

The historical data trend for Higashimaru 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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Higashimaru Co Interest Expense Chart

Higashimaru Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-17.71

-19.00

-18.00

-13.00

-25.00

Higashimaru Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-7.00	-9.00	-9.00	-8.00	-11.00

Higashimaru 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-37 Mil.

Higashimaru Co (FSE:2058) 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.

Higashimaru Co's Interest Expense for the three months ended in Dec. 2023 was 円-11 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円154 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円2,575 Mil.

Higashimaru Co'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	*	154	/	-11
	=	14.00

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Higashimaru Co Ltd interest coverage is 1.95, which is low.

Higashimaru Co (FSE:2058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Higashimaru Co Ltd (FSE:2058) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Inokakura, Ijuin-cho, Hioki-shi, Kagoshima, JPN, 899-2594

Website

http://www.k-higashimaru.co.jp

Higashimaru Co Ltd produces, sells and exports food products. It has a fisheries business and food business. Its fisheries business engaged in the production and sale of yellowtail feeds and mixed feeds for various fish farms. The company offers formula feeds for fish culture and also provides instant noodles, noodle dishes, noodle soups, wheat noodles, snacks, and fruit juices, among others.

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