Shinko Electric Industries Co (TSE:6967) Interest Expense : 円-67 Mil (TTM As of Mar. 2024)

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What is Shinko Electric Industries Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shinko Electric Industries Co's interest expense for the three months ended in Mar. 2024 was 円 -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-67 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. Shinko Electric Industries Co's Operating Income for the three months ended in Mar. 2024 was 円 6,814 Mil. Shinko Electric Industries Co's Interest Expense for the three months ended in Mar. 2024 was 円 -17 Mil. Shinko Electric Industries Co's Interest Coverage for the quarter that ended in Mar. 2024 was 400.82. 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.

Shinko Electric Industries Co Interest Expense Historical Data

The historical data trend for Shinko Electric Industries 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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Shinko Electric Industries Co Interest Expense Chart

Shinko Electric Industries Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-24.00

-54.00

-62.00

-64.00

-67.00

Shinko Electric Industries Co 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															-16.00	-16.00	-17.00	-17.00	-17.00

Shinko Electric Industries 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-67 Mil.

Shinko Electric Industries Co (TSE:6967) 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.

Shinko Electric Industries Co's Interest Expense for the three months ended in Mar. 2024 was 円-17 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円6,814 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円0 Mil.

Shinko Electric Industries Co'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	*	6814	/	-17
	=	400.82

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. Shinko Electric Industries Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shinko Electric Industries Co (TSE:6967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Shinko Electric Industries Co Ltd (TSE:6967) » Definitions » Interest Expense

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SKS:Germany

Address

80, Oshimada-machi, Nagano-shi, Nagano, JPN, 381-2287

Website

http://www.shinko.co.jp

Shinko Electric Industries Co Ltd is an integrated manufacturer of semiconductor packages. It houses eight core technologies that include hermetic seal technology, ceramic technology, multilayer build-up technology, integrated circuit assembly technology, and many others. Integrated circuit packages are the leading revenue generator, but hermetic seal tech is the traditional offering from Shinko. It connects glass and ceramics to various metals and is used in areas such as semiconductor lasers, and sensors for in-car use. The company also produces simulation technology that encompasses signal and power integrity of high-speed transmission lines and other solutions needed for high-performance semiconductor packages. Offices are located globally to serve a host of different industries.

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