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Ube (FRA:UBE) Interest Expense : €-7 Mil (TTM As of Mar. 2024)


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What is Ube Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ube's interest expense for the three months ended in Mar. 2024 was € -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-7 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. Ube's Operating Income for the three months ended in Mar. 2024 was € 62 Mil. Ube's Interest Expense for the three months ended in Mar. 2024 was € -2 Mil. Ube's Interest Coverage for the quarter that ended in Mar. 2024 was 30.76. 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.

Ube Interest Expense Historical Data

The historical data trend for Ube'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.

Ube Interest Expense Chart

Ube 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 -8.16 -7.20 -6.88 -5.45 -6.40

Ube Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -1.59 -1.48 -1.50 -2.03 -1.62

Ube 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 €-7 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.

Ube  (FRA:UBE) 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.

Ube's Interest Expense for the three months ended in Mar. 2024 was €-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was €62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €857 Mil.

Ube'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*62.323/-2.026
=30.76

* 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.

Ube Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ube Corp (FRA:UBE) » Definitions » Interest Expense
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Traded in Other Exchanges
UBEOF:USA 4208:Japan
Address
Seavans North Building, 1-2-1, Shibaura, Minato-Ku, Tokyo, JPN, 105-8449
Website
https://www.ube.co.jp
Ube Corp manufactures and sells chemicals, construction materials, and machinery products. The firm organizes itself into five segments based on product type. The chemicals segment, which generates more revenue than any other segment, sells a variety of chemicals including resins, rubber, silicon, and plastics. The cement and construction segment sells cement, plaster, and foundation materials to the construction and building industries. The pharmaceutical segment sells anti-allergic, anti-hypertensive, and anti-platelet drugs. The machinery and metal products segment sells die-casting and electric injection machines. The energy and environment segment generates electricity from coal and biomass. The majority of revenue comes from Japan.

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