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HSYDF (Harmonic Drive Systems) Interest Expense : $-1.3 Mil (TTM As of Sep. 2024)


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What is Harmonic Drive Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Harmonic Drive Systems's interest expense for the three months ended in Sep. 2024 was $ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-1.3 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. Harmonic Drive Systems's Operating Income for the three months ended in Sep. 2024 was $ -2.8 Mil. Harmonic Drive Systems's Interest Expense for the three months ended in Sep. 2024 was $ -0.4 Mil. Harmonic Drive Systems did not have earnings to cover the interest expense. 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.

Harmonic Drive Systems Interest Expense Historical Data

The historical data trend for Harmonic Drive Systems'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.

Harmonic Drive Systems Interest Expense Chart

Harmonic Drive Systems 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 -1.05 -0.98 -1.17 -1.25 -1.18

Harmonic Drive Systems Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.28 -0.31 -0.31 -0.32 -0.38

Harmonic Drive Systems 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.3 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.

Harmonic Drive Systems  (OTCPK:HSYDF) 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.

Harmonic Drive Systems's Interest Expense for the three months ended in Sep. 2024 was $-0.4 Mil. Its Operating Income for the three months ended in Sep. 2024 was $-2.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $130.8 Mil.

Harmonic Drive Systems's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Harmonic Drive Systems did not have earnings to cover the interest expense.

* 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.

Harmonic Drive Systems Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Harmonic Drive Systems Inc (OTCPK:HSYDF) » Definitions » Interest Expense
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Traded in Other Exchanges
6324:Japan K3R:Germany
Address
6-25-3 Minami-Oi, Shinagawa-ku, Tokyo, JPN, 140-0013
Website
http://www.hds.co.jp
Harmonic Drive Systems manufactures and sells high-precision reduction gears (speed reducers) under the Harmonic Drive brand as well as other mechatronics products such as rotary actuators, linear actuators, and AC servo motors. The company also provides planetary-gear speed reducers under the AccuDrive and Harmonic Planetary brands. Its products are used in industrial robots, semiconductor production equipment, and other high-precision equipment. HDS was founded in 1970 and is headquartered in Tokyo.

Harmonic Drive Systems Headlines

From GuruFocus

Matthews Japan Fund Comments on Harmonic Drive Systems

By Holly LaFon Holly LaFon • 11-06-2018