Suzuki Motor (Suzuki Motor) Interest Expense : $-56 Mil (TTM As of Dec. 2023)

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What is Suzuki Motor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Suzuki Motor's interest expense for the three months ended in Dec. 2023 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-56 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. Suzuki Motor's Operating Income for the three months ended in Dec. 2023 was $ 814 Mil. Suzuki Motor's Interest Expense for the three months ended in Dec. 2023 was $ -14 Mil. Suzuki Motor's Interest Coverage for the quarter that ended in Dec. 2023 was 58.59. 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.

Suzuki Motor Interest Expense Historical Data

The historical data trend for Suzuki Motor'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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Suzuki Motor Interest Expense Chart

Suzuki Motor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-38.16

-51.59

-45.40

-50.21

-50.43

Suzuki Motor 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															-15.80	-18.85	-11.21	-11.95	-13.89

Suzuki Motor 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 $-56 Mil.

Suzuki Motor (OTCPK:SZKMF) 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.

Suzuki Motor's Interest Expense for the three months ended in Dec. 2023 was $-14 Mil. Its Operating Income for the three months ended in Dec. 2023 was $814 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,252 Mil.

Suzuki Motor'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	*	813.903	/	-13.891
	=	58.59

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

Suzuki Motor (Suzuki Motor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Suzuki Motor Corp (OTCPK:SZKMF) » Definitions » Interest Expense

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Traded in Other Exchanges

SZKMY:USA 7269:Japan SUK:Germany

Address

300 Takatsuka-cho, Minami-ku, Shizuoka, Hamamatsu, JPN, 432-8611

Website

https://www.globalsuzuki.com

Suzuki Motor Corp is an automobile manufacturing company. It organizes itself into three segments based on product type namely: automobile, motorcycle, and Marine business. The automotive business, which contributes the vast majority of revenue, largely focuses on passenger vehicles. The motorcycle business manufactures on- and off-road motorcycles and scooters, and contributes the next-largest portion of sales. The Marine business manufactures four-stroke motors for marine use. Nearly half of consolidated revenue is derived from Asian countries excluding Japan, with a third of sales made domestically.

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