Azbil (YMATF) Interest Expense : $-2 Mil (TTM As of Dec. 2023)

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What is Azbil Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Azbil's interest expense for the three months ended in Dec. 2023 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-2 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. Azbil's Operating Income for the three months ended in Dec. 2023 was $ 71 Mil. Azbil's Interest Expense for the three months ended in Dec. 2023 was $ -1 Mil. Azbil's Interest Coverage for the quarter that ended in Dec. 2023 was 134.57. 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.

Azbil Interest Expense Historical Data

The historical data trend for Azbil'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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Azbil Interest Expense Chart

Azbil Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.31

-1.24

-1.04

-1.10

-1.81

Azbil 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															-0.42	-0.38	-0.48	-0.53	-0.47

Azbil 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 $-2 Mil.

Azbil (OTCPK:YMATF) 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.

Azbil's Interest Expense for the three months ended in Dec. 2023 was $-1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $71 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $16 Mil.

Azbil'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	*	71.051	/	-0.528
	=	134.57

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Azbil Corp has enough cash to cover all of its debt. Its financial situation is stable.

Azbil (YMATF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Azbil Corp (OTCPK:YMATF) » Definitions » Interest Expense

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Traded in Other Exchanges

6845:Japan YMK:Germany

Address

2-7-3 Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-6419

Website

http://www.azbil.com

Azbil Corp is a Japan-based company that primarily operates through three segments. The building automation segment designs and manufactures building automation products, which include application software, controllers, valves, sensors, and others. This segment also provides engineering, maintenance, energy-saving, and facility management services. The advanced automation segment provides products, solutions, and engineering and maintenance services to help plants improve efficiency. The life automation segment is involved in utilities serviced, pharmaceutical and medical fields, life sciences research, and others. The company generates the majority of its revenue from the Japanese domestic market.

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