Denso (DNZOF) Interest Expense : $-168 Mil (TTM As of Dec. 2023)

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What is Denso Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Denso's interest expense for the three months ended in Dec. 2023 was $ -59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-168 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. Denso's Operating Income for the three months ended in Dec. 2023 was $ 186 Mil. Denso's Interest Expense for the three months ended in Dec. 2023 was $ -59 Mil. Denso's Interest Coverage for the quarter that ended in Dec. 2023 was 3.14. 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.

Denso Interest Expense Historical Data

The historical data trend for Denso'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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Denso Interest Expense Chart

Denso Annual Data

Trend

Mar14

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Mar23

Interest Expense

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-108.03

-89.36

-67.43

-70.87

-102.24

Denso 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															-35.56	-28.62	-39.02	-40.81	-59.27

Denso 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 $-168 Mil.

Denso (OTCPK:DNZOF) 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.

Denso's Interest Expense for the three months ended in Dec. 2023 was $-59 Mil. Its Operating Income for the three months ended in Dec. 2023 was $186 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $3,705 Mil.

Denso'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	*	185.829	/	-59.265
	=	3.14

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

Denso (DNZOF) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Denso Corp (OTCPK:DNZOF) » Definitions » Interest Expense

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DNZOY:USA 6902:Japan DNO:Germany

Address

1-1 Showa-cho, Kariya, JPN, 448-8661

Website

http://www.denso.co.jp

Denso manufactures automotive components and systems, as well as other industrial products and home appliances. The company was founded in 1949 as a result of becoming independent from Toyota Motor, which is currently the largest shareholder with 24.75% ownership. Its main businesses are powertrain control systems, thermal systems, electrification systems, mobility systems, and sensors/semiconductor systems for mainly hybrid, internal combustion engine, battery electric, and fuel cell vehicles. The company operates globally and is headquartered in Kariya, Japan.