ASICS (TSE:7936) Interest Expense : 円-5,128 Mil (TTM As of Mar. 2024)

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What is ASICS Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ASICS's interest expense for the three months ended in Mar. 2024 was 円 -1,291 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-5,128 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. ASICS's Operating Income for the three months ended in Mar. 2024 was 円 33,813 Mil. ASICS's Interest Expense for the three months ended in Mar. 2024 was 円 -1,291 Mil. ASICS's Interest Coverage for the quarter that ended in Mar. 2024 was 26.19. 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.

ASICS Interest Expense Historical Data

The historical data trend for ASICS'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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ASICS Interest Expense Chart

ASICS Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,839.00

-1,700.00

-1,723.00

-2,662.00

-4,846.00

ASICS 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															-1,009.00	-1,235.00	-1,253.00	-1,349.00	-1,291.00

ASICS 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-5,128 Mil.

ASICS (TSE:7936) 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.

ASICS's Interest Expense for the three months ended in Mar. 2024 was 円-1,291 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円33,813 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円101,014 Mil.

ASICS'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	*	33813	/	-1291
	=	26.19

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

ASICS (TSE:7936) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » ASICS Corp (TSE:7936) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ASCCY:USA ASCCF:USA ASI1:Germany

Address

1-1, Minatojima-Nakamachi 7-chome, Chuo-ku, Kobe, JPN, 650-8555

Website

http://www.asics.co.jp

ASICS Corp is a Japanese manufacturer and distributor of sporting goods. The company organises itself across three business domains: athletic sports, sports lifestyle, and health/comfort. Athletic sports provide equipment for running, Asics' core business; training; tennis; and rugby. Sports lifestyle includes fashion and lifestyle apparel and footwear. Health/comfort includes casual leather shoes, safety shoes, and nursing care facilities. The company reports results for three segments: sports shoes, sportswear, and sports equipment. The sports shoes segment contributes to the vast majority of consolidated revenue. Geographically, sales made domestically, across the Americas, and in EMEA contribute significantly to revenue, and collectively constitute the vast majority of sales.

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