Polaris Holdings Co (TSE:3010) Interest Expense : 円-731 Mil (TTM As of Dec. 2023)

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What is Polaris Holdings Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Polaris Holdings Co's interest expense for the three months ended in Dec. 2023 was 円 -197 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-731 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. Polaris Holdings Co's Operating Income for the three months ended in Dec. 2023 was 円 394 Mil. Polaris Holdings Co's Interest Expense for the three months ended in Dec. 2023 was 円 -197 Mil. Polaris Holdings Co's Interest Coverage for the quarter that ended in Dec. 2023 was 2.00. 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.

Polaris Holdings Co Interest Expense Historical Data

The historical data trend for Polaris Holdings 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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Polaris Holdings Co Interest Expense Chart

Polaris Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-86.02

-78.94

-134.20

-199.44

-731.48

Polaris Holdings 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															-59.40	-199.27	-168.09	-196.80	-167.31

Polaris Holdings 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-731 Mil.

Polaris Holdings Co (TSE:3010) 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.

Polaris Holdings Co's Interest Expense for the three months ended in Dec. 2023 was 円-197 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円394 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円10,720 Mil.

Polaris Holdings 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	*	394.166	/	-196.803
	=	2.00

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. Polaris Holdings Co Ltd interest coverage is 4.62, which is low.

Polaris Holdings Co (TSE:3010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Polaris Holdings Co Ltd (TSE:3010) » Definitions » Interest Expense

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N/A

Address

1-12-3 Iwamoto-cho, Yamazaki Kyodo Building, Chiyoda-ku, Tokyo, JPN, 101-0032

Website

https://www.polaris-holdings.com

Polaris Holdings Co Ltd is a Japan-based company. It has two business segments. The Real Estate segment is involved in the leasing, buying, selling, and development of real estate; The Hotel segment deals with hotel management, consulting, and franchising. Some of its hotels include Best Western Hotels, Value The Hotel, Kinuura Grand Hotel, and KOKO Hotels.

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