GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shimano Inc (OTCPK:SMNNY) » Definitions » Interest Expense

SMNNY (Shimano) Interest Expense : $-1 Mil (TTM As of Jun. 2024)


View and export this data going back to 2015. Start your Free Trial

What is Shimano Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shimano's interest expense for the three months ended in Jun. 2024 was $ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-1 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. Shimano's Operating Income for the three months ended in Jun. 2024 was $ 111 Mil. Shimano's Interest Expense for the three months ended in Jun. 2024 was $ -0 Mil. Shimano's Interest Coverage for the quarter that ended in Jun. 2024 was 389.75. 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.

Shimano Interest Expense Historical Data

The historical data trend for Shimano'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.

Shimano Interest Expense Chart

Shimano Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.93 -1.02 -1.02 -1.14 -1.47

Shimano 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 -0.25 -0.41 -0.05 -0.29 -0.19

Shimano 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 $-1 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.

Shimano  (OTCPK:SMNNY) 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.

Shimano's Interest Expense for the three months ended in Jun. 2024 was $-0 Mil. Its Operating Income for the three months ended in Jun. 2024 was $111 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $0 Mil.

Shimano'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*111.079/-0.285
=389.75

* 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.

Good Sign:

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

Shimano Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shimano Inc (OTCPK:SMNNY) » Definitions » Interest Expense
Comparable Companies
TSE:7832 TSE:7951 TSE:7731 TSE:7458 TSE:6412 TSE:7867 TSE:6425 TSE:4680 TSE:7906 TSE:9603 TSE:4661 HKSE:02020 HKSE:02331 MAT HAS PLNT SZSE:300144 LSE:GAW HKSE:09992 YETI
Traded in Other Exchanges
SHMDF:USA 7309:Japan SHM:Germany SHM:Austria
Address
3-77 Oimatsu-cho, Sakai-ku, Sakai, Osaka Prefecture, JPN, 590-8577
Website
https://www.shimano.com
Shimano develops, manufactures, and sells bicycle components, fishing tackles, and other gears like apparel items/shoes. Approximately 80% of companywide revenue comes from its bicycle components segment. Shimano has operations in Japan, Asia, Europe, North America, Latin America, and Oceania. The company was founded in 1921, and its headquarters are in Osaka, Japan.

Shimano Headlines

From GuruFocus

First Eagle Comments on Shimano

By Sydnee Gatewood • 10-29-2021

Hennessy Japan Fund Company Spotlight: Shimano Inc.

By Sydnee Gatewood Sydnee Gatewood • 12-02-2020

Hennessy Japan Fund Adds to 16 Stakes

By David Goodloe David Goodloe • 09-30-2015

Hennessy Japan Fund Commentary: Tailwinds for Select, High-Quality Japanese Companies

By Sydnee Gatewood Sydnee Gatewood • 05-12-2021

Hennessy Japan Fund Comments on Shimano Inc and ASICS Corp

By Vera Yuan Vera Yuan • 12-31-2014

T Rowe Price Japan Fund Starts 4 Positions in 4th Quarter

By James Li James Li • 01-16-2018

Shimano Stock Looks Interesting on Net Debt Valuation

By Holmes Osborne, CFA Holmes Osborne, CFA • 02-26-2018