Canon (HAM:CNN1) Interest Expense : €-18 Mil (TTM As of Jun. 2024)

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What is Canon Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canon's interest expense for the three months ended in Jun. 2024 was € -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-18 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. Canon's Operating Income for the three months ended in Jun. 2024 was € 697 Mil. Canon's Interest Expense for the three months ended in Jun. 2024 was € -5 Mil. Canon's Interest Coverage for the quarter that ended in Jun. 2024 was 139.93. 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.

Canon Interest Expense Historical Data

The historical data trend for Canon'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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Canon Interest Expense Chart

Canon Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-8.56

-6.76

-5.03

-7.32

-14.44

Canon 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															-3.17	-4.18	-5.05	-3.86	-4.98

Canon 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-18 Mil.

Canon (HAM:CNN1) 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.

Canon's Interest Expense for the three months ended in Jun. 2024 was €-5 Mil. Its Operating Income for the three months ended in Jun. 2024 was €697 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was €1,254 Mil.

Canon's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	696.726	/	-4.979
	=	139.93

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

Canon Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Canon Inc (HAM:CNN1) » Definitions » Interest Expense

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CAJFF:USA CAJPY:USA 7751:Japan CNN1:Germany CNN1:Austria

Address

30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, JPN, 146-8501

Website

https://www.global.canon

Canon Inc designs, manufactures and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: printing, imaging, medical, industrial, and others. It generates maximum revenue from the printing segment. Printing Business Unit includes Office multifunction devices (MFDs), Document solutions, Laser multifunction printers (MFPs), Laser printers, Inkjet printers, Image scanners, Calculators, Digital continuous feed presses, Digital sheet-fed presses, and Large format printers.

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