SMC (TSE:6273) Interest Expense : 円-73 Mil (TTM As of Dec. 2023)

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What is SMC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SMC's interest expense for the three months ended in Dec. 2023 was 円 -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-73 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. SMC's Operating Income for the three months ended in Dec. 2023 was 円 50,067 Mil. SMC's Interest Expense for the three months ended in Dec. 2023 was 円 -15 Mil. SMC's Interest Coverage for the quarter that ended in Dec. 2023 was 3,337.80. 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.

SMC Interest Expense Historical Data

The historical data trend for SMC'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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SMC Interest Expense Chart

SMC Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-116.00

-124.00

-174.00

-182.00

-105.00

SMC 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															-16.00	-17.00	-27.00	-14.00	-15.00

SMC 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-73 Mil.

SMC (TSE:6273) 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.

SMC's Interest Expense for the three months ended in Dec. 2023 was 円-15 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円50,067 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円6,229 Mil.

SMC'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	*	50067	/	-15
	=	3,337.80

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. SMC Corp has enough cash to cover all of its debt. Its financial situation is stable.

SMC (TSE:6273) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SMC Corp (TSE:6273) » Definitions » Interest Expense

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SMECF:USA SMCAY:USA QMC:Germany

Address

4-14-1, Soto-Kanda, Chiyoda-ku, Tokyo, JPN, 101-0021

Website

http://www.smcworld.com

SMC Corp (domiciled in Japan) manufactures automatic control and filtration equipment. Its filters, valves, cylinders, and actuators are sold to customers in various industrial markets, and contribute to automated operations. The company has two reportable business segments: automatic control equipment (majority of total revenues), and others. SMC operates several production facilities, sales offices, and technical development centers to construct various components and streamline the process. Asia accounts for majority of total sales, but the company does utilize offices in the United States, Europe, and other regions of the world. It works to meet the rules and needs of foreign countries to ensure its products can be accepted in differentiated markets.

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