NIKKON Holdings Co (NIKKON Holdings Co) Interest Expense : $-2 Mil (TTM As of Dec. 2023)

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What is NIKKON Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NIKKON Holdings Co's interest expense for the three months ended in Dec. 2023 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2 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. NIKKON Holdings Co's Operating Income for the three months ended in Dec. 2023 was $ 39 Mil. NIKKON Holdings Co's Interest Expense for the three months ended in Dec. 2023 was $ -1 Mil. NIKKON Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 was 78.89. 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.

NIKKON Holdings Co Interest Expense Historical Data

The historical data trend for NIKKON Holdings 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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NIKKON Holdings Co Interest Expense Chart

NIKKON Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.77

-1.89

-1.77

-1.71

-1.69

NIKKON Holdings 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															-0.46	-0.43	-0.42	-0.50	-0.39

NIKKON Holdings 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 $-2 Mil.

NIKKON Holdings Co (OTCPK:NIPKF) 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.

NIKKON Holdings Co's Interest Expense for the three months ended in Dec. 2023 was $-1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $471 Mil.

NIKKON Holdings 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	*	39.443	/	-0.5
	=	78.89

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

NIKKON Holdings Co (NIKKON Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » NIKKON Holdings Co Ltd (OTCPK:NIPKF) » Definitions » Interest Expense

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9072:Japan

Address

6-17 Akashi-cho, Chuo-ku, Tokyo, JPN

Website

http://www.nikkon-hd.co.jp

NIKKON Holdings Co Ltd is a logistics company, domiciled in Japan. The company organizes itself into five segments: shipping, warehousing, packaging, test, and others. The shipping segment, which provides the largest portion of revenue, transports heavy equipment by road, including vehicles, vehicle parts, and machinery. Packaging, the next- largest segment, processes, and packs cargo. The warehousing segment provides storage for cargo. The test segment provides vehicle and machinery testing services. The other segment repairs vehicles leases real estate and sells insurance. The company earns the majority of its revenue in Japan and a small proportion of revenue from North America and Asia.

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