Okaya (NGO:7485) Interest Expense : 円-3,438 Mil (TTM As of Feb. 2024)

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What is Okaya Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Okaya's interest expense for the three months ended in Feb. 2024 was 円 -859 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was 円-3,438 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. Okaya's Operating Income for the three months ended in Feb. 2024 was 円 7,662 Mil. Okaya's Interest Expense for the three months ended in Feb. 2024 was 円 -859 Mil. Okaya's Interest Coverage for the quarter that ended in Feb. 2024 was 8.92. 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.

Okaya Interest Expense Historical Data

The historical data trend for Okaya'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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Okaya Interest Expense Chart

Okaya Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-1,856.00

-1,290.00

-1,399.00

-2,380.00

-3,438.00

Okaya 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															-804.00	-822.00	-902.00	-855.00	-859.00

Okaya 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-3,438 Mil.

Okaya (NGO:7485) 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.

Okaya's Interest Expense for the three months ended in Feb. 2024 was 円-859 Mil. Its Operating Income for the three months ended in Feb. 2024 was 円7,662 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was 円19,035 Mil.

Okaya's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	7662	/	-859
	=	8.92

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

Okaya (NGO:7485) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Okaya & Co Ltd (NGO:7485) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sakae 2 - chome No. 4 18, Naka-ku, Aichi Prefecture, Nagoya, JPN

Website

http://www.okaya.co.jp

Okaya & Co Ltd is a Japan based trading company. It is engaged in the businesses of, iron and steel; information and electronics; industrial machinery and materials; and living related products. Its products include iron and steel, special steel, non-ferrous metals, electrical and electronic parts, chemical products, machinery and tools, piping and housing equipment, construction-related items, and food products.

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