Taiheiyo Cement (Taiheiyo Cement) Interest Expense : $-25 Mil (TTM As of Dec. 2023)

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What is Taiheiyo Cement Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taiheiyo Cement's interest expense for the three months ended in Dec. 2023 was $ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-25 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. Taiheiyo Cement's Operating Income for the three months ended in Dec. 2023 was $ 167 Mil. Taiheiyo Cement's Interest Expense for the three months ended in Dec. 2023 was $ -6 Mil. Taiheiyo Cement's Interest Coverage for the quarter that ended in Dec. 2023 was 25.98. 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.

Taiheiyo Cement Interest Expense Historical Data

The historical data trend for Taiheiyo Cement'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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Taiheiyo Cement Interest Expense Chart

Taiheiyo Cement Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-36.60

-36.00

-32.18

-18.51

-20.54

Taiheiyo Cement Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.33	-6.17	-6.23	-6.03	-6.45

Taiheiyo Cement 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-25 Mil.

Taiheiyo Cement (OTCPK:THYCY) 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.

Taiheiyo Cement's Interest Expense for the three months ended in Dec. 2023 was $-6 Mil. Its Operating Income for the three months ended in Dec. 2023 was $167 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,594 Mil.

Taiheiyo Cement's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	167.452	/	-6.445
	=	25.98

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

Taiheiyo Cement (Taiheiyo Cement) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Taiheiyo Cement Corp (OTCPK:THYCY) » Definitions » Interest Expense

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THYCF:USA 5233:Japan

Address

Daiba Garden City Building, 2-3-5, Daiba, Minato-ku, Tokyo, JPN, 104-8518

Website

http://www.taiheiyo-cement.co.jp

Taiheiyo Cement Corp manufactures and sells construction materials to the building, construction, and infrastructure industries. The company also generates biomass power. The firm organizes itself in six segments based on function and location: Cement, Mineral Resources, Environmental, Construction Materials, Ceramics, and Electronics. The Cement segment, which generates the majority of revenue, sells cement, ready-mix concrete. The Mineral Resources segment extracts and sells limestone and construction materials. The Environmental segment turns waste into power and cement and sells desulfurization products to coal power plants. The majority of revenue is generated in Asia and the United States.

Taiheiyo Cement (Taiheiyo Cement) Headlines

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