NEC Networks & System Integration (TSE:1973) Interest Expense : 円-371 Mil (TTM As of Mar. 2024)

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What is NEC Networks & System Integration Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NEC Networks & System Integration's interest expense for the three months ended in Mar. 2024 was 円 -90 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-371 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. NEC Networks & System Integration's Operating Income for the three months ended in Mar. 2024 was 円 12,669 Mil. NEC Networks & System Integration's Interest Expense for the three months ended in Mar. 2024 was 円 -90 Mil. NEC Networks & System Integration's Interest Coverage for the quarter that ended in Mar. 2024 was 140.77. 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.

NEC Networks & System Integration Interest Expense Historical Data

The historical data trend for NEC Networks & System Integration'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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NEC Networks & System Integration Interest Expense Chart

NEC Networks & System Integration Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-112.00

-97.00

-101.00

-219.00

-371.00

NEC Networks & System Integration 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															-80.00	-90.00	-99.00	-92.00	-90.00

NEC Networks & System Integration 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 円-371 Mil.

NEC Networks & System Integration (TSE:1973) 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.

NEC Networks & System Integration's Interest Expense for the three months ended in Mar. 2024 was 円-90 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円12,669 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円0 Mil.

NEC Networks & System Integration'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	*	12669	/	-90
	=	140.77

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. NEC Networks & System Integration Corp has enough cash to cover all of its debt. Its financial situation is stable.

NEC Networks & System Integration (TSE:1973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NEC Networks & System Integration Corp (TSE:1973) » Definitions » Interest Expense

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Address

2-6-1 Koraku, Bunkyo-ku, Iidabashi First Tower, Tokyo, JPN, 112-8560

Website

http://www.nesic.co.jp

NEC Networks and System Integration Corp provides a variety of information technology, or IT, services. The company also sells IT products, which include servers, video conferencing systems, network systems, security systems, and software. The firm's range of services includes office space design, cloud computing, communication, networks, security, energy conservation, public IT infrastructure, and supporting services. More revenue comes from the sale of network-related products and services than any other IT product or service. The vast majority of revenue comes from Japan.

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