Heiwa (TSE:6412) Interest Expense : 円-393 Mil (TTM As of Mar. 2024)

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What is Heiwa Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Heiwa's interest expense for the three months ended in Mar. 2024 was 円 -102 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-393 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. Heiwa's Operating Income for the three months ended in Mar. 2024 was 円 4,117 Mil. Heiwa's Interest Expense for the three months ended in Mar. 2024 was 円 -102 Mil. Heiwa's Interest Coverage for the quarter that ended in Mar. 2024 was 40.36. 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.

Heiwa Interest Expense Historical Data

The historical data trend for Heiwa'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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Heiwa Interest Expense Chart

Heiwa Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-412.00

-401.00

-390.00

-384.00

-393.00

Heiwa 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															-95.00	-97.00	-96.00	-98.00	-102.00

Heiwa 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-393 Mil.

Heiwa (TSE:6412) 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.

Heiwa's Interest Expense for the three months ended in Mar. 2024 was 円-102 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円4,117 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円94,276 Mil.

Heiwa's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	4117	/	-102
	=	40.36

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

Heiwa (TSE:6412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Heiwa Corp (TSE:6412) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Chome-16-1 Higashiueno, Taito-ku, Tokyo, JPN, 110-0015

Website

http://www.heiwanet.co.jp

Heiwa Corp is a gambling company involved in the manufacturing and sales of pachinko and pachislot machines. The company operates in two business segments: game machines and golf. The game machine business develops pachinko machines, a gambling device with pinball-like characteristics, which are sold to pachinko parlors throughout Japan. Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko machines under the objective of winning more balls, which can then be exchanged for prizes. Pachislot machines, which are a similar gambling device with characteristics of pachinko and slot machines, are developed in a similar manner. The company's golf segment operates a number of golf courses. Heiwa generates the vast majority of its revenue in Japan.

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