Hitachi Construction Machinery Co (Hitachi Construction Machinery Co) Interest Expense : $-155 Mil (TTM As of Mar. 2024)

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What is Hitachi Construction Machinery Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hitachi Construction Machinery Co's interest expense for the three months ended in Mar. 2024 was $ 8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-155 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. Hitachi Construction Machinery Co's Operating Income for the three months ended in Mar. 2024 was $ 273 Mil. Hitachi Construction Machinery Co's Interest Expense for the three months ended in Mar. 2024 was $ 8 Mil. Hitachi Construction Machinery Co did not have earnings to cover the interest expense. 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.

Hitachi Construction Machinery Co Interest Expense Historical Data

The historical data trend for Hitachi Construction Machinery 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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Hitachi Construction Machinery Co Interest Expense Chart

Hitachi Construction Machinery Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-105.03

-71.23

-54.01

-150.46

-114.89

Hitachi Construction Machinery Co 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															-35.08	-26.14	-34.86	-101.07	7.51

Hitachi Construction Machinery 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 $-155 Mil.

Hitachi Construction Machinery Co (OTCPK:HTCMY) 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.

Hitachi Construction Machinery Co's Interest Expense for the three months ended in Mar. 2024 was $8 Mil. Its Operating Income for the three months ended in Mar. 2024 was $273 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,614 Mil.

Hitachi Construction Machinery Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

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

Hitachi Construction Machinery Co (Hitachi Construction Machinery Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hitachi Construction Machinery Co Ltd (OTCPK:HTCMY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

6305:Japan HCM:Germany

Address

16-1, Higashiueno 2-chome, Taito-ku, Tokyo, JPN, 110-0015

Website

https://www.hitachicm.com

Hitachi Construction Machinery, or HCM, manufactures and sells construction and mining machinery, and provides related services such as parts supply, rentals, and others. HCM was established in 1970 as a subsidiary of Hitachi, but its origins date back to 1949 when it introduced Japan's first mechanical excavator. The company's main products include hydraulic excavators for mining/construction, rigid dump trucks, and wheel loaders. As of August 2022, Hitachi is no longer the parent company of HCM, after selling 26% of its stake to HCJI Holdings, a joint venture between Itochu and Japan Industrial Partners. Currently, Hitachi has a 25.4% stake in Hitachi Construction Machinery as an equity-method affiliate. HCM is based in Tokyo, Japan.