Akita Bank (Akita Bank) Interest Expense : $-11.4 Mil (TTM As of Dec. 2023)

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What is Akita Bank Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Akita Bank's interest expense for the three months ended in Dec. 2023 was $ -3.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-11.4 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. Akita Bank's Operating Income for the three months ended in Dec. 2023 was $ Mil. Akita Bank's Interest Expense for the three months ended in Dec. 2023 was $ Mil. 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.

Akita Bank Interest Expense Historical Data

The historical data trend for Akita Bank'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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Akita Bank Interest Expense Chart

Akita Bank Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-7.09

-2.86

-2.02

-10.44

-11.02

Akita Bank 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															-3.82	-3.23	-3.23	-3.29	-1.62

Akita Bank 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 $-11.4 Mil.

Akita Bank (Akita Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Akita Bank Ltd (OTCPK:AKBKF) » Definitions » Interest Expense

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8343:Japan

Address

2-1 Sanno 3-Chome, Akita, JPN, 010-8655

Website

http://www.akita-bank.co.jp

Akita Bank Ltd is the banking subsidiary of the Akita Bank Group, which is composed of a Japanese regional bank and five consolidated subsidiaries operating primarily in the Akita Prefecture. The bank's strategy emphasizes regional market penetration to drive profitability. The group offers various financial services, principally banking. In addition, it offers leasing, consulting, guarantee services, and credit card services. Just over half of its earning assets are in loans and bills discounted, followed in size by securities. Most of the group's income is generated through net interest income, followed by fees and commissions.

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