Watts Co (TSE:2735) Interest Expense : 円-15 Mil (TTM As of May. 2024)

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What is Watts Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Watts Co's interest expense for the three months ended in May. 2024 was 円 -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2024 was 円-15 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. Watts Co's Operating Income for the three months ended in May. 2024 was 円 311 Mil. Watts Co's Interest Expense for the three months ended in May. 2024 was 円 -7 Mil. Watts Co's Interest Coverage for the quarter that ended in May. 2024 was 44.83. 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.

Watts Co Interest Expense Historical Data

The historical data trend for Watts 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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Watts Co Interest Expense Chart

Watts Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

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-6.42

-6.72

-4.93

-10.70

-12.16

Watts Co Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
Interest Expense	Get a 7-Day Free Trial															-3.63	-3.09	-2.21	-2.37	-6.93

Watts 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-15 Mil.

Watts Co (TSE:2735) 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.

Watts Co's Interest Expense for the three months ended in May. 2024 was 円-7 Mil. Its Operating Income for the three months ended in May. 2024 was 円311 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2024 was 円2,241 Mil.

Watts Co's Interest Coverage for the quarter that ended in May. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: May. 2024 )	/	Interest Expense (Q: May. 2024 )
	=	-1	*	310.789	/	-6.933
	=	44.83

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

Watts Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Watts Co Ltd (TSE:2735) » Definitions » Interest Expense

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Address

Shiromi 1-4-70, Chuo-ku, Sumitomo Life Insurance OBP Plaza Building, 5th Floor, Osaka, JPN, 540-0001

Website

http://www.watts-jp.com

Watts Co Ltd is engaged in the wholesale of daily necessities, grocery and food products, and other goods. The company's product profile includes Sanitary goods, Cleaning sheet, Water supply equipment, Lunch supplies, and other related products.

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