Nissin Foods Co (HKSE:01475) Interest Expense : HK$-12 Mil (TTM As of Dec. 2023)

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What is Nissin Foods Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nissin Foods Co's interest expense for the three months ended in Dec. 2023 was HK$ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-12 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. Nissin Foods Co's Operating Income for the three months ended in Dec. 2023 was HK$ 129 Mil. Nissin Foods Co's Interest Expense for the three months ended in Dec. 2023 was HK$ -0 Mil. Nissin Foods Co's Interest Coverage for the quarter that ended in Dec. 2023 was 947.48. 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.

Nissin Foods Co Interest Expense Historical Data

The historical data trend for Nissin Foods 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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Nissin Foods Co Interest Expense Chart

Nissin Foods Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.06

-0.12

-0.37

-0.26

-0.27

Nissin Foods Co Quarterly Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.01	-	-12.18	-0.14

Nissin Foods 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 HK$-12 Mil.

Nissin Foods Co (HKSE:01475) 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.

Nissin Foods Co's Interest Expense for the three months ended in Dec. 2023 was HK$-0 Mil. Its Operating Income for the three months ended in Dec. 2023 was HK$129 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was HK$1 Mil.

Nissin Foods 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	*	128.857	/	-0.136
	=	947.48

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

Nissin Foods Co (HKSE:01475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nissin Foods Co Ltd (HKSE:01475) » Definitions » Interest Expense

Traded in Other Exchanges

4NS:Germany

Address

11-13 Dai Shun Street, Tai Po Industrial Estate, Tai Po, New Territories, Hong Kong, HKG

Website

https://www.nissingroup.com.hk

Nissin Foods Co Ltd is a Hong Kong-based company. The company produces and sell instant noodle, frozen food, retort foods, beverage products and snacks in Hong Kong and China. It sells its products under the brand name NISSIN, DOLL, Cup Noodles, Doll Instant Noodle, and Fuku. The company's operating segments include HK Operations and PRC Operations. It derives a majority of revenue from the PRC Operations segment.

Nissin Foods Co (HKSE:01475) Headlines

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