Renaissance (TSE:2378) Interest Expense : 円-580 Mil (TTM As of Dec. 2023)

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What is Renaissance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Renaissance's interest expense for the three months ended in Dec. 2023 was 円 -157 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-580 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. Renaissance's Operating Income for the three months ended in Dec. 2023 was 円 774 Mil. Renaissance's Interest Expense for the three months ended in Dec. 2023 was 円 -157 Mil. Renaissance's Interest Coverage for the quarter that ended in Dec. 2023 was 4.91. 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.

Renaissance Interest Expense Historical Data

The historical data trend for Renaissance'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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Renaissance Interest Expense Chart

Renaissance Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-244.15

-327.58

-372.51

-467.34

-579.81

Renaissance 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															-131.73	-129.42	-136.29	-157.44	-156.66

Renaissance 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-580 Mil.

Renaissance (TSE:2378) 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.

Renaissance's Interest Expense for the three months ended in Dec. 2023 was 円-157 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円774 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円18,819 Mil.

Renaissance'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	*	773.788	/	-157.437
	=	4.91

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. Renaissance Inc interest coverage is 2.18, which is low.

Renaissance (TSE:2378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Renaissance Inc (TSE:2378) » Definitions » Interest Expense

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N/A

Address

2-10-14, Sumida-ku, Tokyo, JPN, 136-0026

Website

http://www.s-renaissance.co.jp

Renaissance Inc is mainly engaged in the operation of sports clubs in Japan. Its business activities include fitness club, swimming school, tennis school, golf school, health promotion business at local governments and enterprises, nursing care rehabilitation business, other related business.

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