Honda Motor Co (Honda Motor Co) Interest Expense : $-303 Mil (TTM As of Dec. 2023)

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What is Honda Motor Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Honda Motor Co's interest expense for the three months ended in Dec. 2023 was $ -84 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-303 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. Honda Motor Co's Operating Income for the three months ended in Dec. 2023 was $ 2,638 Mil. Honda Motor Co's Interest Expense for the three months ended in Dec. 2023 was $ -84 Mil. Honda Motor Co's Interest Coverage for the quarter that ended in Dec. 2023 was 31.28. 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.

Honda Motor Co Interest Expense Historical Data

The historical data trend for Honda Motor 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.

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Honda Motor Co Interest Expense Chart

Honda Motor Co Annual Data

Trend

Mar14

Mar15

Mar16

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Mar19

Mar20

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Mar23

Interest Expense

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-118.92

-229.31

-127.66

-142.25

-270.17

Honda Motor Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-70.89	-81.53	-63.97	-73.41	-84.32

Honda Motor 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-303 Mil.

Honda Motor Co (NYSE:HMC) 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.

Honda Motor Co's Interest Expense for the three months ended in Dec. 2023 was $-84 Mil. Its Operating Income for the three months ended in Dec. 2023 was $2,638 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $37,445 Mil.

Honda Motor Co'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	*	2637.922	/	-84.323
	=	31.28

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

Honda Motor Co (Honda Motor Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Honda Motor Co Ltd (NYSE:HMC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HNDAF:USA HMC:Mexico 7267:Japan HDM:Germany HOND34:Brazil HMC:Argentina

Address

Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8556

Website

https://global.honda

Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 22.4 million cars and motorcycles in fiscal 2023 (3.7 million of which were autos), and consolidated sales were JPY 16.9 trillion. Automobiles constitute 63% of revenue and motorcycles 17%, with the rest split between power products and financial services. Honda also makes robots and private jets.