Meiji Holdings Co (Meiji Holdings Co) Interest Expense : $-3 Mil (TTM As of Mar. 2024)

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What is Meiji Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meiji Holdings Co's interest expense for the three months ended in Mar. 2024 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 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. Meiji Holdings Co's Operating Income for the three months ended in Mar. 2024 was $ 98 Mil. Meiji Holdings Co's Interest Expense for the three months ended in Mar. 2024 was $ -0 Mil. Meiji Holdings Co's Interest Coverage for the quarter that ended in Mar. 2024 was 197.40. 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.

Meiji Holdings Co Interest Expense Historical Data

The historical data trend for Meiji Holdings 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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Meiji Holdings Co Interest Expense Chart

Meiji Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-6.66

-5.72

-4.22

-3.46

-2.45

Meiji Holdings 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															-0.76	-0.67	-0.73	-0.63	-0.49

Meiji Holdings 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3 Mil.

Meiji Holdings Co (OTCPK:MEJHY) 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.

Meiji Holdings Co's Interest Expense for the three months ended in Mar. 2024 was $-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was $98 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $184 Mil.

Meiji Holdings Co'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	*	97.518	/	-0.494
	=	197.40

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. Meiji Holdings Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Meiji Holdings Co (Meiji Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Meiji Holdings Co Ltd (OTCPK:MEJHY) » Definitions » Interest Expense

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Traded in Other Exchanges

2269:Japan

Address

4-16, Kyobashi 2-chome, Chuo-ku, Tokyo, JPN, 104-0031

Website

http://www.meiji.com

Meiji Holdings was established in April 2009 as a merged entity of Meiji Dairies, Japan's largest dairy company, and Meiji Seika, the country's number-two confectionery maker. The amalgamation was propelled by a surge in commodity prices, Japan's aging and shrinking population, and fierce competition. The food business, comprising dairy and confectionery operations, represents more than 80% of the group's sales and profits. The rest mainly comes from the pharmaceutical business, specializing in antibacterial and generic drugs, as well as vaccines. Meiji is looking to step up overseas expansion of the food business, particularly in China, which will serve as a key growth driver over the medium term.

Meiji Holdings Co (Meiji Holdings Co) Headlines

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