Mitsuboshi Belting (TSE:5192) Interest Expense : 円-64 Mil (TTM As of Dec. 2023)

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What is Mitsuboshi Belting Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsuboshi Belting's interest expense for the three months ended in Dec. 2023 was 円 -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-64 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. Mitsuboshi Belting's Operating Income for the three months ended in Dec. 2023 was 円 2,087 Mil. Mitsuboshi Belting's Interest Expense for the three months ended in Dec. 2023 was 円 -18 Mil. Mitsuboshi Belting's Interest Coverage for the quarter that ended in Dec. 2023 was 115.94. 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.

Mitsuboshi Belting Interest Expense Historical Data

The historical data trend for Mitsuboshi Belting'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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Mitsuboshi Belting Interest Expense Chart

Mitsuboshi Belting Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-19.00

-57.00

-59.00

-43.00

-51.00

Mitsuboshi Belting 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															-16.00	-14.00	-16.00	-16.00	-18.00

Mitsuboshi Belting 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-64 Mil.

Mitsuboshi Belting (TSE:5192) 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.

Mitsuboshi Belting's Interest Expense for the three months ended in Dec. 2023 was 円-18 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円2,087 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円3,250 Mil.

Mitsuboshi Belting'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	*	2087	/	-18
	=	115.94

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. Mitsuboshi Belting Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Mitsuboshi Belting (TSE:5192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsuboshi Belting Ltd (TSE:5192) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

4 - 1 21 Hamazoe dori, Nagata ku, Hyogo-ken, JPN, 6530024

Website

http://www.mitsuboshi.co.jp

Mitsuboshi Belting Ltd is involved in the business of Power transmission belts and related products, Conveyor belts and systems and related products, Engineering plastics, Engineering structural foam, Waterproofing and Watershielding sheet, Metal nanoparticle related products. Its products include automobile and motorcycle transmission belts, general industrial transmission belts, pulleys, conveyer belts, systems, engineering plastic materials and processed products, waterproofing materials for construction etc.

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