Okada Aiyon (TSE:6294) Interest Expense : 円-131 Mil (TTM As of Dec. 2023)

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What is Okada Aiyon Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Okada Aiyon's interest expense for the three months ended in Dec. 2023 was 円 -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-131 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. Okada Aiyon's Operating Income for the three months ended in Dec. 2023 was 円 879 Mil. Okada Aiyon's Interest Expense for the three months ended in Dec. 2023 was 円 -36 Mil. Okada Aiyon's Interest Coverage for the quarter that ended in Dec. 2023 was 24.15. 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.

Okada Aiyon Interest Expense Historical Data

The historical data trend for Okada Aiyon'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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Okada Aiyon Interest Expense Chart

Okada Aiyon Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-26.24

-31.04

-34.57

-41.60

-62.65

Okada Aiyon 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															-13.83	-25.63	-33.85	-35.41	-36.38

Okada Aiyon 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-131 Mil.

Okada Aiyon (TSE:6294) 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.

Okada Aiyon's Interest Expense for the three months ended in Dec. 2023 was 円-36 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円879 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円1,451 Mil.

Okada Aiyon'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	*	878.828	/	-36.384
	=	24.15

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

Okada Aiyon (TSE:6294) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Okada Aiyon Corp (TSE:6294) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

4-1-18, Kaigan-dori, Minato-ku, Osaka, JPN, 5520022

Website

http://www.okada-aiyon.com

Okada Aiyon Corp manufactures and sells demolition equipment primarily in Japan. Its products include breakers, primary crushers, pulverizers, cutters, magnets, grapples, screens, wood smashers, attachments, and parts, as well as drills, recycling machines, and materials.

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