Furukawa Electric Co (TSE:5801) Interest Expense : 円-9,157 Mil (TTM As of Dec. 2023)

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What is Furukawa Electric Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Furukawa Electric Co's interest expense for the three months ended in Dec. 2023 was 円 -2,389 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-9,157 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. Furukawa Electric Co's Operating Income for the three months ended in Dec. 2023 was 円 4,057 Mil. Furukawa Electric Co's Interest Expense for the three months ended in Dec. 2023 was 円 -2,389 Mil. Furukawa Electric Co's Interest Coverage for the quarter that ended in Dec. 2023 was 1.70. 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.

Furukawa Electric Co Interest Expense Historical Data

The historical data trend for Furukawa Electric 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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Furukawa Electric Co Interest Expense Chart

Furukawa Electric Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-4,075.00

-4,326.00

-3,586.00

-3,375.00

-6,334.00

Furukawa Electric Co 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															-1,684.00	-2,286.00	-2,179.00	-2,303.00	-2,389.00

Furukawa Electric 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-9,157 Mil.

Furukawa Electric Co (TSE:5801) 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.

Furukawa Electric Co's Interest Expense for the three months ended in Dec. 2023 was 円-2,389 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円4,057 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円162,757 Mil.

Furukawa Electric 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	*	4057	/	-2389
	=	1.70

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Furukawa Electric Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Furukawa Electric Co (TSE:5801) Business Description

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Address

Marunouchi Nakadori Building, 2-3, Marunouchi 2-chome, Chiyodaku, Tokyo, JPN, 100-8322

Website

http://www.furukawa.co.jp

Furukawa Electric Co Ltd offers products related to various industries and technologies. It provides products such as optical fiber cables, indoor conduits, ultra-battery, triple insulated wires, water feeding piping systems and industrial lasers. The company's segments are Telecommunications, Energy and Industrial products, Electronics and Automotive Systems, Metals, Light Metals, Services, and Others. It derives the majority of its revenues from electronics and automotive systems segment. The company operates in Japan, South-East Asia, Korea, Taiwan, India, China and North America.

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