KOTMY (Koito Manufacturing Co) Interest Expense : $-3 Mil (TTM As of Sep. 2024)

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What is Koito Manufacturing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Koito Manufacturing Co's interest expense for the three months ended in Sep. 2024 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-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. Koito Manufacturing Co's Operating Income for the three months ended in Sep. 2024 was $ 63 Mil. Koito Manufacturing Co's Interest Expense for the three months ended in Sep. 2024 was $ -1 Mil. Koito Manufacturing Co's Interest Coverage for the quarter that ended in Sep. 2024 was 101.31. 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.

Koito Manufacturing Co Interest Expense Historical Data

The historical data trend for Koito Manufacturing 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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Koito Manufacturing Co Interest Expense Chart

Koito Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-8.08

-5.35

-6.59

-6.89

-3.66

Koito Manufacturing Co 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															-0.93	-1.08	-0.60	-0.72	-0.62

Koito Manufacturing 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3 Mil.

Koito Manufacturing Co (OTCPK:KOTMY) 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.

Koito Manufacturing Co's Interest Expense for the three months ended in Sep. 2024 was $-1 Mil. Its Operating Income for the three months ended in Sep. 2024 was $63 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $0 Mil.

Koito Manufacturing Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	63.118	/	-0.623
	=	101.31

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Koito Manufacturing Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Koito Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Koito Manufacturing Co Ltd (OTCPK:KOTMY) » Definitions » Interest Expense

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Traded in Other Exchanges

7276:Japan

Address

4-8-3, Takanawa, Minato-ku, Tokyo, JPN, 108-8711

Website

http://www.koito.co.jp

Koito Manufacturing Co Ltd is producing and marketing automotive lighting equipment, such as LED taillights, headlights, and fog lights, aircraft parts, interior and exterior lights, and electrical equipment. The company's products are used in the transportation industry including automobiles, aviation, railways, shipping, and traffic systems. Koito Manufacturing generates the majority of its revenue in Japan, China, and North America. Other regions are Other Asia and Europe.