Iseki (TSE:6310) Interest Expense : 円-1,260 Mil (TTM As of Mar. 2024)

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What is Iseki Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iseki's interest expense for the three months ended in Mar. 2024 was 円 -353 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-1,260 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. Iseki's Operating Income for the three months ended in Mar. 2024 was 円 734 Mil. Iseki's Interest Expense for the three months ended in Mar. 2024 was 円 -353 Mil. Iseki's Interest Coverage for the quarter that ended in Mar. 2024 was 2.08. 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.

Iseki Interest Expense Historical Data

The historical data trend for Iseki'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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Iseki Interest Expense Chart

Iseki Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-729.00

-634.00

-551.00

-665.00

-1,126.00

Iseki 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															-219.00	-327.00	-292.00	-288.00	-353.00

Iseki 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-1,260 Mil.

Iseki (TSE:6310) 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.

Iseki's Interest Expense for the three months ended in Mar. 2024 was 円-353 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円734 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円27,513 Mil.

Iseki'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	*	734	/	-353
	=	2.08

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Iseki & Co Ltd interest coverage is 1.03, which is low.

Iseki (TSE:6310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Iseki & Co Ltd (TSE:6310) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-14, Nishi-Nippori 5-chome, Arakawa-ku, Tokyo, JPN, 799-2692

Website

http://www.iseki.co.jp

Iseki & Co Ltd is a manufacturer of agricultural machinery in Japan whose products include cultivating machinery comprising tractors, multipurpose vehicles, and tillers; planting machinery, including rice and vegetable transplanters; and harvesting machinery consisting of combine harvesters and binders. The company distributes its products within domestic market and to overseas markets through its distribution network.

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