Niterra Co (TSE:5334) Interest Expense : 円-7,450 Mil (TTM As of Mar. 2024)

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What is Niterra Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Niterra Co's interest expense for the three months ended in Mar. 2024 was 円 -1,236 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-7,450 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. Niterra Co's Operating Income for the three months ended in Mar. 2024 was 円 19,404 Mil. Niterra Co's Interest Expense for the three months ended in Mar. 2024 was 円 -1,236 Mil. Niterra Co's Interest Coverage for the quarter that ended in Mar. 2024 was 15.70. 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.

Niterra Co Interest Expense Historical Data

The historical data trend for Niterra 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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Niterra Co Interest Expense Chart

Niterra Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-6,766.00

-1,067.00

-1,121.00

-1,809.00

-3,405.00

Niterra 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															-686.00	-1,330.00	-758.00	-4,126.00	-1,236.00

Niterra 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-7,450 Mil.

Niterra Co (TSE:5334) 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.

Niterra Co's Interest Expense for the three months ended in Mar. 2024 was 円-1,236 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円19,404 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円135,742 Mil.

Niterra Co'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	*	19404	/	-1236
	=	15.70

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

Niterra Co (TSE:5334) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Niterra Co Ltd (TSE:5334) » Definitions » Interest Expense

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NGK:Germany

Address

14-18, Takatsuji-cho, Mizuho-ku, Nagoya, JPN, 467-8525

Website

http://www.ngkntk.co.jp

Niterra Co Ltd is a producer of spark plugs for internal combustion engines in the automotive industry and various ceramic products and tools. Under its two brands NGK Spark Plugs and NTK Technical Ceramics, the company produces spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical products, and fine ceramics. NGK's largest end markets are Asia including Japan, North America, and Europe. The company produces in Japan and Brazil, while subsidiaries across the globe assemble and sell parts in their respective regions. The automotive components division generates the lion's share of sales for NGK Spark Plug.

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