Novarese (TSE:2128) Interest Expense : 円-237 Mil (TTM As of Dec. 2023)

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What is Novarese Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novarese's interest expense for the three months ended in Dec. 2023 was 円 -77 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-237 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. Novarese's Operating Income for the three months ended in Dec. 2023 was 円 1,435 Mil. Novarese's Interest Expense for the three months ended in Dec. 2023 was 円 -77 Mil. Novarese's Interest Coverage for the quarter that ended in Dec. 2023 was 18.70. 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.

Novarese Interest Expense Historical Data

The historical data trend for Novarese'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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Novarese Interest Expense Chart

Novarese Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec22

Dec23

Interest Expense

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-19.06

-18.58

-21.20

-344.66

-332.32

Novarese Quarterly Data
	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-95.72	-79.48	-81.31	-78.88	-76.73

Novarese 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-237 Mil.

Novarese (TSE:2128) 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.

Novarese's Interest Expense for the three months ended in Dec. 2023 was 円-77 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円1,435 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円9,689 Mil.

Novarese'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	*	1434.804	/	-76.728
	=	18.70

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

Novarese (TSE:2128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Novarese Inc (TSE:2128) » Definitions » Interest Expense

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Traded in Other Exchanges

9160:Japan

Address

Ginza YOMIKO Building 4F, Tokyo, JPN, 104-0061

Website

http://www.novarese.co.jp

Novarese Inc offers 'Guest House' wedding services. The Company provides rental services for wedding clothing and accessories and operates restaurant business including wedding-food catering services.

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