Nippon Sheet Glass Co (Nippon Sheet Glass Co) Interest Expense : $-266 Mil (TTM As of Mar. 2024)

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What is Nippon Sheet Glass Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nippon Sheet Glass Co's interest expense for the three months ended in Mar. 2024 was $ -81 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-266 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. Nippon Sheet Glass Co's Operating Income for the three months ended in Mar. 2024 was $ 25 Mil. Nippon Sheet Glass Co's Interest Expense for the three months ended in Mar. 2024 was $ -81 Mil. Nippon Sheet Glass Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.31. 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.

Nippon Sheet Glass Co Interest Expense Historical Data

The historical data trend for Nippon Sheet Glass 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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Nippon Sheet Glass Co Interest Expense Chart

Nippon Sheet Glass Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-129.74

-120.33

-123.01

-169.39

-259.10

Nippon Sheet Glass 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															-54.23	-63.19	-63.47	-57.83	-81.27

Nippon Sheet Glass 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 $-266 Mil.

Nippon Sheet Glass Co (OTCPK:NPSGF) 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.

Nippon Sheet Glass Co's Interest Expense for the three months ended in Mar. 2024 was $-81 Mil. Its Operating Income for the three months ended in Mar. 2024 was $25 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,378 Mil.

Nippon Sheet Glass 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	*	25.144	/	-81.272
	=	0.31

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nippon Sheet Glass Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Nippon Sheet Glass Co (Nippon Sheet Glass Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Sheet Glass Co Ltd (OTCPK:NPSGF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

NPSGY:USA 5202:Japan NI9:Germany

Address

Sumitomo Fudosan Mita Twin Building West Wing, 5-27, Mita 3-chome, Minato-Ku, Tokyo, JPN, 108-6321

Website

http://www.nsg.com

Nippon Sheet Glass Co Ltd manufactures glass and glazing products for many industries. The architectural segment, which accounts for roughly 40% of the company's total revenue, sells flat glass and glazing products to commercial and residential markets and the solar energy sector. The automotive segment, which accounts for roughly half of the company's total revenue, supplies a wide range of automotive glazing to vehicle manufacturers for new vehicles and replacement markets. The technical glass segment sells thin glass and glass fiber products for small displays, lenses, printers, and engine timing belts. Nippon sells its products worldwide, with more than a third of its sales in Europe, roughly a third in Japan and the rest of Asia, and the remaining sales in the Americas.

Nippon Sheet Glass Co (Nippon Sheet Glass Co) Headlines

From GuruFocus

Nippon Sheet Glass Co Stock Is Believed To Be Modestly Undervalued

By GF Value GF Value • 04-13-2021