Meitec Group Holdings (Meitec Group Holdings) Interest Expense : $0.0 Mil (TTM As of Dec. 2023)

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What is Meitec Group Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meitec Group Holdings's interest expense for the three months ended in Dec. 2023 was $ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $0.0 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. Meitec Group Holdings's Operating Income for the three months ended in Dec. 2023 was $ 39.6 Mil. Meitec Group Holdings's Interest Expense for the three months ended in Dec. 2023 was $ 0.0 Mil. Meitec Group Holdings has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Meitec Group Holdings Interest Expense Historical Data

The historical data trend for Meitec Group Holdings'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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Meitec Group Holdings Interest Expense Chart

Meitec Group Holdings Annual Data

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Interest Expense

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Meitec Group Holdings Quarterly Data
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Meitec Group Holdings 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 $0.0 Mil.

Meitec Group Holdings (OTCPK:MEITF) 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.

Meitec Group Holdings's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $39.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $0.0 Mil.

Meitec Group Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Meitec Group Holdings had no long-term debt ⁽¹⁾.

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

Good Sign:

Meitec Group Holdings Inc has no debt.

Meitec Group Holdings (Meitec Group Holdings) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Meitec Group Holdings Inc (OTCPK:MEITF) » Definitions » Interest Expense

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9744:Japan

Address

1-1-10 Ueno, Taito-ku, Tokyo, JPN, 110-0005

Website

https://www.meitec.co.jp

Meitec Group Holdings Inc formerly Meitec Corp offers staffing in the flexible labour market and engineering solutions for manufacturers. The company provides temporary engineering staffing, senior-workforce development, career development and career change support, global engineering solution outsourcing, prototyping and mold making, mounting and design of circuit boards, and information technology solutions. The core business segment is temporary staffing offering flexible staffing for engineering companies. Meitec operates in Japan.

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