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Koito Manufacturing Co (TSE:7276) Interest Expense : 円-548 Mil (TTM As of Mar. 2024)


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What is Koito Manufacturing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Koito Manufacturing Co's interest expense for the three months ended in Mar. 2024 was 円 -90 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-548 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. Koito Manufacturing Co's Operating Income for the three months ended in Mar. 2024 was 円 7,454 Mil. Koito Manufacturing Co's Interest Expense for the three months ended in Mar. 2024 was 円 -90 Mil. Koito Manufacturing Co's Interest Coverage for the quarter that ended in Mar. 2024 was 82.82. 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.

Koito Manufacturing Co Interest Expense Historical Data

The historical data trend for Koito Manufacturing 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.

* Premium members only.

Koito Manufacturing Co Interest Expense Chart

Koito Manufacturing Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -870.00 -581.00 -781.00 -921.00 -548.00

Koito Manufacturing 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -142.00 -165.00 -138.00 -155.00 -90.00

Koito Manufacturing 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-548 Mil.

* 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.

Koito Manufacturing Co  (TSE:7276) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Koito Manufacturing Co's Interest Expense for the three months ended in Mar. 2024 was 円-90 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円7,454 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円0 Mil.

Koito Manufacturing Co'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*7454/-90
=82.82

* 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.

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. Koito Manufacturing Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Koito Manufacturing Co (TSE:7276) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Koito Manufacturing Co Ltd (TSE:7276) » Definitions » Interest Expense
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Traded in Other Exchanges
KOTMY:USA
Address
4-8-3, Takanawa, Minato-ku, Tokyo, JPN, 108-8711
Website
http://www.koito.co.jp
Koito Manufacturing Co Ltd is producing and marketing automotive lighting equipment, such as LED taillights, headlights, and fog lights, aircraft parts, interior and exterior lights, and electrical equipment. The company's products are used in the transportation industry including automobiles, aviation, railways, shipping, and traffic systems. Koito Manufacturing generates the majority of its revenue in Japan, China, and North America. Other regions are Other Asia and Europe.

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