Shin-Etsu Chemical Co (TSE:4063) Interest Expense : 円-2,188 Mil (TTM As of Dec. 2023)

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What is Shin-Etsu Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shin-Etsu Chemical Co's interest expense for the three months ended in Dec. 2023 was 円 -1,117 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-2,188 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. Shin-Etsu Chemical Co's Operating Income for the three months ended in Dec. 2023 was 円 177,609 Mil. Shin-Etsu Chemical Co's Interest Expense for the three months ended in Dec. 2023 was 円 -1,117 Mil. Shin-Etsu Chemical Co's Interest Coverage for the quarter that ended in Dec. 2023 was 159.01. 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.

Shin-Etsu Chemical Co Interest Expense Historical Data

The historical data trend for Shin-Etsu Chemical 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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Shin-Etsu Chemical Co Interest Expense Chart

Shin-Etsu Chemical Co Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-749.00

-728.00

-983.00

-1,490.00

-1,501.00

Shin-Etsu Chemical 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															-401.00	-687.00	-	-1,117.00	-384.00

Shin-Etsu Chemical 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 円-2,188 Mil.

Shin-Etsu Chemical Co (TSE:4063) 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.

Shin-Etsu Chemical Co's Interest Expense for the three months ended in Dec. 2023 was 円-1,117 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円177,609 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円18,692 Mil.

Shin-Etsu Chemical 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	*	177609	/	-1117
	=	159.01

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. Shin-Etsu Chemical Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shin-Etsu Chemical Co (TSE:4063) Business Description

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SHECY:USA SHECF:USA SEH:Germany

Address

6-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004

Website

http://www.shinetsu.co.jp

Shin-Etsu Chemical Co Ltd is a Japan-based company primarily engaged in chemical business. The company operates in six business segments namely Poly Vinyl Chloride, Specialty Chemicals, Silicon, Semiconductor Silicon, Electronic and Functional Materials and Diversified business. It derives majority of revenue through Poly Vinyl Chloride segment which manufactures and sells vinyl chloride, caustic soda products, chloromethane and methanol. The group is also involved in manufacturing and selling of various other chemical products such as Polyvinyl alcohol, Synthetic pheromones, Rare-earth magnets for electronics industry and general applications, Photoresists, Photomask blanks and others. Geographically, it operates from the market of Japan and its business is amplifying across the globe.

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