Maezawa Industries (TSE:6489) Interest Expense : 円-16 Mil (TTM As of Feb. 2024)

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What is Maezawa Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Maezawa Industries's interest expense for the three months ended in Feb. 2024 was 円 -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was 円-16 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. Maezawa Industries's Operating Income for the three months ended in Feb. 2024 was 円 2,421 Mil. Maezawa Industries's Interest Expense for the three months ended in Feb. 2024 was 円 -4 Mil. Maezawa Industries's Interest Coverage for the quarter that ended in Feb. 2024 was 605.25. 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.

Maezawa Industries Interest Expense Historical Data

The historical data trend for Maezawa Industries'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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Maezawa Industries Interest Expense Chart

Maezawa Industries Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-24.00

-22.00

-19.00

-18.00

-16.00

Maezawa Industries 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															-4.00	-5.00	-3.00	-4.00	-4.00

Maezawa Industries 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-16 Mil.

Maezawa Industries (TSE:6489) 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.

Maezawa Industries's Interest Expense for the three months ended in Feb. 2024 was 円-4 Mil. Its Operating Income for the three months ended in Feb. 2024 was 円2,421 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was 円1,181 Mil.

Maezawa Industries'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	*	2421	/	-4
	=	605.25

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

Maezawa Industries (TSE:6489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maezawa Industries Inc (TSE:6489) » Definitions » Interest Expense

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Address

2-7-2 Yaesu, Chuo-ku, Tokyo, JPN, 104-8351

Website

http://www.maezawa.co.jp

Maezawa Industries Inc is a provider of water and environmental engineering services. The company manufactures and sells equipment and valves for both water and sewage facilities. Its product portfolio includes Gate valves, Control valves, Butterfly valves, Check valves, Eccentric valves, Air valves, Hydrants, Maintenance valves, ESO valves, Sluice Gates, and environmental systems including water purification, sewage treatment soil purification, and system consultation services. Its water treatment solutions include High-quality water supply, water purification, wastewater treatment, and industrial environment.

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