NHK Spring Co (NHK Spring Co) Interest Expense : $-1 Mil (TTM As of Dec. 2023)

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What is NHK Spring Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NHK Spring Co's interest expense for the three months ended in Dec. 2023 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1 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. NHK Spring Co's Operating Income for the three months ended in Dec. 2023 was $ 68 Mil. NHK Spring Co's Interest Expense for the three months ended in Dec. 2023 was $ -0 Mil. NHK Spring Co's Interest Coverage for the quarter that ended in Dec. 2023 was 137.29. 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.

NHK Spring Co Interest Expense Historical Data

The historical data trend for NHK Spring 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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NHK Spring Co Interest Expense Chart

NHK Spring Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-2.66

-2.81

-3.06

-2.96

-1.95

NHK Spring Co 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															-0.57	-0.07	-0.35	-0.35	-0.49

NHK Spring 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 $-1 Mil.

NHK Spring Co (OTCPK:NHKGF) 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.

NHK Spring Co's Interest Expense for the three months ended in Dec. 2023 was $-0 Mil. Its Operating Income for the three months ended in Dec. 2023 was $68 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $262 Mil.

NHK Spring 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	*	67.682	/	-0.493
	=	137.29

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

NHK Spring Co (NHK Spring Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NHK Spring Co Ltd (OTCPK:NHKGF) » Definitions » Interest Expense

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Traded in Other Exchanges

5991:Japan

Address

3-10 Fukuura, Kanazawa-ku, Yokohama, JPN, 236-0004

Website

http://www.nhkspg.co.jp

NHK Spring Co Ltd is a Japanese manufacturer of suspension springs for automobiles and precision springs used in hard disk drive components. The company also produces leaf springs, coil springs, stabilizer bars, torsion bars, gas springs, automobile seats and seating components, hard disk drives suspensions and mechanical components, LCD/semiconductor testing probe units, and industrial machinery and equipment parts. The automotive suspension springs and precision springs segments and automotive seating segment generate the majority of NHK Spring's revenue. Geographically, Japan is the largest end market followed by other Asian countries and North America.

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