Suminoe Textile Co (TSE:3501) Interest Expense : 円-340 Mil (TTM As of Feb. 2024)

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What is Suminoe Textile Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Suminoe Textile Co's interest expense for the three months ended in Feb. 2024 was 円 -59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was 円-340 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. Suminoe Textile Co's Operating Income for the three months ended in Feb. 2024 was 円 782 Mil. Suminoe Textile Co's Interest Expense for the three months ended in Feb. 2024 was 円 -59 Mil. Suminoe Textile Co's Interest Coverage for the quarter that ended in Feb. 2024 was 13.25. 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.

Suminoe Textile Co Interest Expense Historical Data

The historical data trend for Suminoe Textile 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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Suminoe Textile Co Interest Expense Chart

Suminoe Textile Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-315.00

-274.00

-232.00

-212.00

-431.00

Suminoe Textile 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															-122.00	-134.00	-83.00	-64.00	-59.00

Suminoe Textile 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 円-340 Mil.

Suminoe Textile Co (TSE:3501) 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.

Suminoe Textile Co's Interest Expense for the three months ended in Feb. 2024 was 円-59 Mil. Its Operating Income for the three months ended in Feb. 2024 was 円782 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was 円10,387 Mil.

Suminoe Textile 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	*	782	/	-59
	=	13.25

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

Suminoe Textile Co (TSE:3501) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suminoe Textile Co Ltd (TSE:3501) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

3-11-20, Minamisenba, Chuo-ku, Osaka, JPN, 542-8504

Website

http://www.suminoe.jp

Suminoe Textile Co Ltd is a textile company based in Japan. The company is engaged in the following business segment which includes Interior Fittings; Automotive Textiles and Traffic Facilities; Functional Materials and Others. It generates maximum revenue from the Automotive Textiles and Traffic Facilities segment. Geographically, it derives a majority of revenue from Japan and also has a presence in North and Central America; Asia and other Countries.

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