Furuno Electric Co (Furuno Electric Co) Interest Expense : $-0.9 Mil (TTM As of Feb. 2024)

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What is Furuno Electric Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Furuno Electric Co's interest expense for the three months ended in Feb. 2024 was $ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-0.9 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. Furuno Electric Co's Operating Income for the three months ended in Feb. 2024 was $ 0.6 Mil. Furuno Electric Co's Interest Expense for the three months ended in Feb. 2024 was $ -0.2 Mil. Furuno Electric Co's Interest Coverage for the quarter that ended in Feb. 2024 was 2.84. 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.

Furuno Electric Co Interest Expense Historical Data

The historical data trend for Furuno Electric 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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Furuno Electric Co Interest Expense Chart

Furuno Electric Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-0.91

-0.86

-0.70

-0.78

-0.88

Furuno Electric 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															-0.17	-0.23	-0.20	-0.27	-0.21

Furuno Electric 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 $-0.9 Mil.

Furuno Electric Co (OTCPK:FNOEF) 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.

Furuno Electric Co's Interest Expense for the three months ended in Feb. 2024 was $-0.2 Mil. Its Operating Income for the three months ended in Feb. 2024 was $0.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $54.9 Mil.

Furuno Electric 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	*	0.608	/	-0.214
	=	2.84

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

Furuno Electric Co (Furuno Electric Co) Business Description

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6814:Japan

Address

9-52 Ashihara-cho, Hyogo Prefecture, Nishinomiya City, JPN

Website

http://www.furuno.co.jp

Furuno Electric Co., Ltd is engaged in the business of producing marine related electronic equipment. The products portfolio includes fish sonar, GPS, Radar, Coastal monitoring system, Automatic identification system, Voyage data recorder, and satellite communications equipment.

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