CVS Bay Area (TSE:2687) Interest Expense : 円-30 Mil (TTM As of Feb. 2024)

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What is CVS Bay Area Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CVS Bay Area's interest expense for the three months ended in Feb. 2024 was 円 -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was 円-30 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. CVS Bay Area's Operating Income for the three months ended in Feb. 2024 was 円 40 Mil. CVS Bay Area's Interest Expense for the three months ended in Feb. 2024 was 円 -7 Mil. CVS Bay Area's Interest Coverage for the quarter that ended in Feb. 2024 was 5.43. 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.

CVS Bay Area Interest Expense Historical Data

The historical data trend for CVS Bay Area'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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CVS Bay Area Interest Expense Chart

CVS Bay Area Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Interest Expense

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-28.34

-33.30

-34.23

-31.91

-29.64

CVS Bay Area Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-7.29	-7.30	-7.36	-7.61	-7.36

CVS Bay Area 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-30 Mil.

CVS Bay Area (TSE:2687) 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.

CVS Bay Area's Interest Expense for the three months ended in Feb. 2024 was 円-7 Mil. Its Operating Income for the three months ended in Feb. 2024 was 円40 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was 円3,347 Mil.

CVS Bay Area's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	39.96	/	-7.363
	=	5.43

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

CVS Bay Area (TSE:2687) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » CVS Bay Area Inc (TSE:2687) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

1-7-1 Nakase Mihama Ward, 26th floor, CVS Bay Area Building, Chiba, JPN, 261-0023

Website

http://www.cvs-bayarea.co.jp

CVS Bay Area Inc engaged in operating convenience store named Lawson and business hotel named Bay Hotel. The company is also engaged in mansion front business at condominiums and reception and office butler service for enterprise, and cleaning business.

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