Raito Kogyo Co (TSE:1926) Interest Expense : 円-122 Mil (TTM As of Dec. 2023)

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What is Raito Kogyo Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Raito Kogyo Co's interest expense for the three months ended in Dec. 2023 was 円 -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-122 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. Raito Kogyo Co's Operating Income for the three months ended in Dec. 2023 was 円 3,210 Mil. Raito Kogyo Co's Interest Expense for the three months ended in Dec. 2023 was 円 -23 Mil. Raito Kogyo Co's Interest Coverage for the quarter that ended in Dec. 2023 was 139.57. 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.

Raito Kogyo Co Interest Expense Historical Data

The historical data trend for Raito Kogyo 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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Raito Kogyo Co Interest Expense Chart

Raito Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-29.00

-25.00

-29.00

-50.00

-122.00

Raito Kogyo 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															-20.00	-36.00	-33.00	-23.00	-30.00

Raito Kogyo 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-122 Mil.

Raito Kogyo Co (TSE:1926) 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.

Raito Kogyo Co's Interest Expense for the three months ended in Dec. 2023 was 円-23 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円3,210 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円212 Mil.

Raito Kogyo Co'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	*	3210	/	-23
	=	139.57

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

Raito Kogyo Co (TSE:1926) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Raito Kogyo Co Ltd (TSE:1926) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

4-2-35 Kudan-kita, Chiyoda-ku, Tokyo, JPN, 102-8236

Website

http://www.raito.co.jp

Raito Kogyo Co Ltd is a civil engineering contractor. It provides engineering, building construction and sells related products and materials. The company operates in construction business segment that provides slope protection, landslide prevention, foundation/ground improvement, structural repair/reinforcement, environmental restoration, and sewage system construction. It has operations in North America and other countries with revenue from Japan.

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