Ascot (TSE:3264) Interest Expense : 円-731 Mil (TTM As of Mar. 2024)

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What is Ascot Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ascot's interest expense for the three months ended in Mar. 2024 was 円 -210 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 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. Ascot's Operating Income for the three months ended in Mar. 2024 was 円 235 Mil. Ascot's Interest Expense for the three months ended in Mar. 2024 was 円 -210 Mil. Ascot's Interest Coverage for the quarter that ended in Mar. 2024 was 1.12. 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.

Ascot Interest Expense Historical Data

The historical data trend for Ascot'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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Ascot Interest Expense Chart

Ascot Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-313.00

-285.00

-478.00

-840.00

-576.00

Ascot 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															-132.00	-139.00	-184.00	-198.00	-210.00

Ascot 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-731 Mil.

Ascot (TSE:3264) 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.

Ascot's Interest Expense for the three months ended in Mar. 2024 was 円-210 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円235 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円35,069 Mil.

Ascot's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	235	/	-210
	=	1.12

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. Ascot Corp interest coverage is 2.74, which is low.

Ascot (TSE:3264) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ascot Corp (TSE:3264) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

20 Araki-Cho, Tokyo, JPN

Website

http://www.ascotcorp.co.jp

Ascot Corp operates in the Japanese real estate industry. The company is engaged in developing Condominiums, Free-standing houses, Townhouses, and Apartments. The company also provides real estate solutions like property value enhancement, real estate consulting, and real estate brokerage services.

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