Morita Holdings (TSE:6455) Interest Expense : 円-81 Mil (TTM As of Mar. 2024)

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What is Morita Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Morita Holdings's interest expense for the three months ended in Mar. 2024 was 円 -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-81 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. Morita Holdings's Operating Income for the three months ended in Mar. 2024 was 円 6,160 Mil. Morita Holdings's Interest Expense for the three months ended in Mar. 2024 was 円 -29 Mil. Morita Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 212.41. 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.

Morita Holdings Interest Expense Historical Data

The historical data trend for Morita Holdings'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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Morita Holdings Interest Expense Chart

Morita Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-64.00

-63.00

-60.00

-67.00

-81.00

Morita Holdings 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															-20.00	-9.00	-17.00	-26.00	-29.00

Morita Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-81 Mil.

Morita Holdings (TSE:6455) 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.

Morita Holdings's Interest Expense for the three months ended in Mar. 2024 was 円-29 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円6,160 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円0 Mil.

Morita Holdings's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	6160	/	-29
	=	212.41

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

Morita Holdings (TSE:6455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morita Holdings Corp (TSE:6455) » Definitions » Interest Expense

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Address

Doshumachi 3-6-1, Keihanshin Midosuji Building 12th Floor, Chuo-ku, Osaka, JPN, 541-0045

Website

http://www.morita119.com

Morita Holdings Corp and its subsidiaries are in the business of manufacturing and selling fire trucks, fire extinguishers and equipment, recycling machines, environmental conservation vehicles and support wear and also manufacturing and sales of electronic applied machinery and information processing machinery, fabrication repair and sales of specialized vehicles.

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