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Echo Trading Co (TSE:7427) Interest Expense : 円-23 Mil (TTM As of Feb. 2024)


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What is Echo Trading Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Echo Trading Co's interest expense for the three months ended in Feb. 2024 was 円 -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was 円-23 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. Echo Trading Co's Operating Income for the three months ended in Feb. 2024 was 円 315 Mil. Echo Trading Co's Interest Expense for the three months ended in Feb. 2024 was 円 -6 Mil. Echo Trading Co's Interest Coverage for the quarter that ended in Feb. 2024 was 50.80. 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.

Echo Trading Co Interest Expense Historical Data

The historical data trend for Echo Trading 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.

* Premium members only.

Echo Trading Co Interest Expense Chart

Echo Trading Co Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -26.08 -24.69 -25.52 -24.63 -22.56

Echo Trading Co Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.31 -5.24 -6.12 -5.00 -6.19

Echo Trading 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-23 Mil.

* 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.

Echo Trading Co  (TSE:7427) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Echo Trading Co's Interest Expense for the three months ended in Feb. 2024 was 円-6 Mil. Its Operating Income for the three months ended in Feb. 2024 was 円315 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was 円0 Mil.

Echo Trading Co's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Feb. 2024 )/Interest Expense (Q: Feb. 2024 )
=-1*314.593/-6.193
=50.80

* 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.

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

Echo Trading Co (TSE:7427) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Echo Trading Co Ltd (TSE:7427) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
No. 1 No. 23 in Nishinomiya, Hyogo Prefecture Naruohama 2-chome, Nishinomiya, JPN, 663-8142
Website
http://www.echotd.co.jp
Echo Trading Co Ltd is a Japan-based company offering diversified products and services for pets. The company is engaged in specialty store business, wholesale business, product development business, education business, sales promotion business, event business, and internet business. Its specialty store business, wholesale business, and product development business are engaged in the production and distribution of pet food and pet supplies to pet home centers, supermarkets, and drug stores. Its internet business transmits information useful for pet owners and pet lives such as searching for pet-related facilities such as animal hospitals and trimming salons, and travel knowledge on pets.

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