Nitto Kogyo (TSE:6651) Interest Expense : 円-63 Mil (TTM As of Dec. 2023)

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What is Nitto Kogyo Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nitto Kogyo's interest expense for the three months ended in Dec. 2023 was 円 -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-63 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. Nitto Kogyo's Operating Income for the three months ended in Dec. 2023 was 円 4,225 Mil. Nitto Kogyo's Interest Expense for the three months ended in Dec. 2023 was 円 -12 Mil. Nitto Kogyo's Interest Coverage for the quarter that ended in Dec. 2023 was 352.08. 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.

Nitto Kogyo Interest Expense Historical Data

The historical data trend for Nitto Kogyo'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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Nitto Kogyo Interest Expense Chart

Nitto Kogyo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-50.00

-25.00

-8.00

-16.00

-63.00

Nitto Kogyo 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															-13.00	-10.00	-15.00	-12.00	-26.00

Nitto Kogyo 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-63 Mil.

Nitto Kogyo (TSE:6651) 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.

Nitto Kogyo's Interest Expense for the three months ended in Dec. 2023 was 円-12 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円4,225 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円18,402 Mil.

Nitto Kogyo'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	*	4225	/	-12
	=	352.08

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

Nitto Kogyo (TSE:6651) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nitto Kogyo Corp (TSE:6651) » Definitions » Interest Expense

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6651:Japan

Address

2201, Kanihara, Nagakute-cho, Aichi County, Tokyo, JPN, 480-1189

Website

https://www.nito.co.jp

Nitto Kogyo Corp is a Japan-based company which provides a wide range of product materials, such as electric circuit panelboard powered high-pressure equipment, such as information and communications-related materials. It is engaged in manufacture and sales of electric and mechanical equipment such as high-voltage power-receiving equipment, panel boards, home panel boards, charging stations, optical junction boxes, metal enclosures, plastic enclosures, racks, breakers, switches, thermal management products, and so on. The company is also in Power Generation and sales business.

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