Denka Co (Denka Co) Interest Expense : $-12 Mil (TTM As of Dec. 2023)

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What is Denka Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Denka Co's interest expense for the three months ended in Dec. 2023 was $ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-12 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. Denka Co's Operating Income for the three months ended in Dec. 2023 was $ 14 Mil. Denka Co's Interest Expense for the three months ended in Dec. 2023 was $ -3 Mil. Denka Co's Interest Coverage for the quarter that ended in Dec. 2023 was 4.78. 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.

Denka Co Interest Expense Historical Data

The historical data trend for Denka 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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Denka Co Interest Expense Chart

Denka Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-8.04

-7.55

-7.79

-8.66

-11.23

Denka 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															-2.07	-2.68	-2.73	-2.93	-3.19

Denka 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 $-12 Mil.

Denka Co (OTCPK:DENKF) 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.

Denka Co's Interest Expense for the three months ended in Dec. 2023 was $-3 Mil. Its Operating Income for the three months ended in Dec. 2023 was $14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $764 Mil.

Denka 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	*	14.023	/	-2.931
	=	4.78

The higher the ratio, the stronger the company's financial strength is.

Denka Co (Denka Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Denka Co Ltd (OTCPK:DENKF) » Definitions » Interest Expense

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Traded in Other Exchanges

4061:Japan DIK:Germany DIK:Germany

Address

Nihonbashi Mitsui Tower, 1-1, Nihonbashi-Muromachi, 2-Chome Chuo-ku, Tokyo, JPN, 103-8338

Website

http://www.denka.co.jp

Denka Co Ltd manufactures and sells chemicals, plastics, and chemical-based products. The firm organizes itself into four segments based on product type. The elastomers and performance plastics segment, which generates more revenue than any other segment, sells rubber products used by the automotive industry and plastics used to manufacture electronics including televisions. The infrastructure and social solutions segment sells cement and fertilizer to the construction and building industries. The electronics and innovative products segment sells film, and resins used by the electronics industry. The life science and environment products segment sells housing materials including rain gutters, plastic food packaging materials, and industrial materials including electrical tape.

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