Toyota Motor (Toyota Motor) Interest Expense : $-90 Mil (TTM As of Dec. 2023)

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What is Toyota Motor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Toyota Motor's interest expense for the three months ended in Dec. 2023 was $ -239 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-90 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. Toyota Motor's Operating Income for the three months ended in Dec. 2023 was $ 11,675 Mil. Toyota Motor's Interest Expense for the three months ended in Dec. 2023 was $ -239 Mil. Toyota Motor's Interest Coverage for the quarter that ended in Dec. 2023 was 48.79. 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.

Toyota Motor Interest Expense Historical Data

The historical data trend for Toyota Motor'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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Toyota Motor Interest Expense Chart

Toyota Motor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-252.63

-409.73

-390.26

-273.73

-354.29

Toyota Motor 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															-281.39	456.05	-165.11	-141.78	-239.28

Toyota Motor 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 $-90 Mil.

Toyota Motor (NYSE:TM) 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.

Toyota Motor's Interest Expense for the three months ended in Dec. 2023 was $-239 Mil. Its Operating Income for the three months ended in Dec. 2023 was $11,675 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $133,741 Mil.

Toyota Motor'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	*	11674.715	/	-239.281
	=	48.79

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

Toyota Motor (Toyota Motor) Business Description

Industry

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Traded in Other Exchanges

TOYOF:USA TMN:Mexico 7203:Japan 7203:Japan TYT:UK TOM:Germany TOM:Germany TOMA:Germany TOM:Germany TMCO34:Brazil TOM:Austria TM:Argentina

Address

1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571

Website

https://www.global.toyota

Founded in 1937, Toyota is one of the world's largest automakers with 10.56 million units sold at retail in fiscal 2023 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.