Shimano (Shimano) Interest Expense : $-1 Mil (TTM As of Mar. 2024)

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What is Shimano Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shimano's interest expense for the three months ended in Mar. 2024 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-1 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. Shimano's Operating Income for the three months ended in Mar. 2024 was $ 90 Mil. Shimano's Interest Expense for the three months ended in Mar. 2024 was $ -0 Mil. Shimano's Interest Coverage for the quarter that ended in Mar. 2024 was 1,690.23. 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.

Shimano Interest Expense Historical Data

The historical data trend for Shimano'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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Shimano Interest Expense Chart

Shimano Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.93

-1.02

-1.14

-1.47

Shimano 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															-0.43	-0.41	-0.25	-0.41	-0.05

Shimano 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 $-1 Mil.

Shimano (OTCPK:SMNNY) 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.

Shimano's Interest Expense for the three months ended in Mar. 2024 was $-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $90 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $0 Mil.

Shimano's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	89.582	/	-0.053
	=	1,690.23

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shimano Inc has enough cash to cover all of its debt. Its financial situation is stable.

Shimano (Shimano) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shimano Inc (OTCPK:SMNNY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SHMDF:USA 7309:Japan SHM:Germany

Address

3-77 Oimatsu-cho, Sakai-ku, Sakai, Osaka Prefecture, JPN, 590-8577

Website

https://www.shimano.com

Shimano develops, manufactures, and distributes bicycle components, fishing tackles, rowing equipment, and lifestyle gear products, like apparel items, shoes, and bags. Approximately 80% of companywide sales comes from its bicycle components segment. Shimano has operations in Japan, Asia, Europe, North America, Latin America, and Oceania. The company was founded in 1921, and its headquarters are in Osaka, Japan.

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