Daido Steel Co (NGO:5471) Interest Expense : 円-1,143 Mil (TTM As of Dec. 2023)

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What is Daido Steel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Daido Steel Co's interest expense for the three months ended in Dec. 2023 was 円 -277 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-1,143 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. Daido Steel Co's Operating Income for the three months ended in Dec. 2023 was 円 14,049 Mil. Daido Steel Co's Interest Expense for the three months ended in Dec. 2023 was 円 -277 Mil. Daido Steel Co's Interest Coverage for the quarter that ended in Dec. 2023 was 50.72. 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.

Daido Steel Co Interest Expense Historical Data

The historical data trend for Daido Steel 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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Daido Steel Co Interest Expense Chart

Daido Steel Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-793.00

-823.00

-938.00

-1,143.00

Daido Steel 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															-263.00	-281.00	-288.00	-277.00	-297.00

Daido Steel 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 円-1,143 Mil.

Daido Steel Co (NGO:5471) 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.

Daido Steel Co's Interest Expense for the three months ended in Dec. 2023 was 円-277 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円14,049 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円118,561 Mil.

Daido Steel 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	*	14049	/	-277
	=	50.72

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

Daido Steel Co (NGO:5471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Daido Steel Co Ltd (NGO:5471) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

5471:Japan DDL:Germany

Address

1-10, Higashisakura 1-chome, Higashi-ku, Nagoya, Aichi, JPN, 461-8581

Website

http://www.daido.co.jp

Daido Steel Co Ltd is a Japan-based company that primarily operates through three segments. The special steel segment produces and distributes specialty steel for automotive parts, industrial machinery parts, electrical machinery parts, construction, and tool steel. The high-performance materials and magnetic materials segment produces and sells stainless steel, nickel-based alloys, electrical and electronic parts, magnetic material products, alloy powder, titanium products, and welding wire. The parts for automobile and industrial equipment segment is engaged in forging and casting for parts for automobiles, industrial machines, chemical equipment, and oil drilling rigs. The company generates majority of its revenue from the Japanese domestic market.

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