CTS Co (TSE:4345) Interest Expense : 円-43 Mil (TTM As of Dec. 2023)

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What is CTS Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CTS Co's interest expense for the three months ended in Dec. 2023 was 円 -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-43 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. CTS Co's Operating Income for the three months ended in Dec. 2023 was 円 869 Mil. CTS Co's Interest Expense for the three months ended in Dec. 2023 was 円 -11 Mil. CTS Co's Interest Coverage for the quarter that ended in Dec. 2023 was 79.00. 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.

CTS Co Interest Expense Historical Data

The historical data trend for CTS 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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CTS Co Interest Expense Chart

CTS Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-41.00

-37.00

-43.00

-48.00

CTS Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-12.00	-11.00	-10.00	-11.00	-11.00

CTS 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 円-43 Mil.

CTS Co (TSE:4345) 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.

CTS Co's Interest Expense for the three months ended in Dec. 2023 was 円-11 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円869 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円1,141 Mil.

CTS 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	*	869	/	-11
	=	79.00

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. CTS Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

CTS Co (TSE:4345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CTS Co Ltd (TSE:4345) » Definitions » Interest Expense

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Address

115 Kuriyasu, Nagano Prefecture, Ueda, JPN

Website

http://www.cts-h.co.jp

CTS Co Ltd is engaged in construction ICT, system business, survey measurement business, house furniture business and environmental safety business. The company offers products and services on rental basis specialized in the industry such as system equipment and communication lines. Its product offerings include cloud solution, color multi-function machine, inkjet printer, network cameras, personal computers equipped with functions suitable for the application, focusing on business models, among others.

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