Koatsu Gas Kogyo Co (Koatsu Gas Kogyo Co) Interest Expense : $-0.3 Mil (TTM As of Dec. 2023)

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What is Koatsu Gas Kogyo Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Koatsu Gas Kogyo Co's interest expense for the three months ended in Dec. 2023 was $ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-0.3 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. Koatsu Gas Kogyo Co's Operating Income for the three months ended in Dec. 2023 was $ 13.4 Mil. Koatsu Gas Kogyo Co's Interest Expense for the three months ended in Dec. 2023 was $ -0.1 Mil. Koatsu Gas Kogyo Co's Interest Coverage for the quarter that ended in Dec. 2023 was 148.40. 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.

Koatsu Gas Kogyo Co Interest Expense Historical Data

The historical data trend for Koatsu Gas Kogyo 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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Koatsu Gas Kogyo Co Interest Expense Chart

Koatsu Gas Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.29

-0.27

-0.20

-0.22

-0.32

Koatsu Gas Kogyo Co 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															-0.07	-0.08	-0.07	-0.09	-0.09

Koatsu Gas Kogyo 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 $-0.3 Mil.

Koatsu Gas Kogyo Co (OTCPK:KTSUF) 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.

Koatsu Gas Kogyo Co's Interest Expense for the three months ended in Dec. 2023 was $-0.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was $13.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $70.5 Mil.

Koatsu Gas Kogyo 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	*	13.356	/	-0.09
	=	148.40

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. Koatsu Gas Kogyo Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Koatsu Gas Kogyo Co (Koatsu Gas Kogyo Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Koatsu Gas Kogyo Co Ltd (OTCPK:KTSUF) » Definitions » Interest Expense

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4097:Japan

Address

1-5, Doyama-cho, Kita-ku, Osaka, JPN, 530-8411

Website

http://www.koatsugas.co.jp

Koatsu Gas Kogyo Co., Ltd. is engaged in the production and distribution of industrial gases and chemical products. It has three operating business divisions: Gas, Chemical Products and Information Systems. The company supplies various types of gases to a broad range of industrial sectors, from living-related industries to the medical industry. Its chemical products offering includes adhesives, a synthetic resin emulsion, cyanon, special resin and a nonwoven shock-absorbing material. The company offers information systems, such as LSI cards and reader-writers for various industrial fields, such as construction, civil engineering, transportation, and production equipment; and GNSS receiver modules.

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