Medical Ikkou Group Co (TSE:3353) Interest Expense : 円-51 Mil (TTM As of Nov. 2023)

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What is Medical Ikkou Group Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Medical Ikkou Group Co's interest expense for the three months ended in Nov. 2023 was 円 -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was 円-51 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. Medical Ikkou Group Co's Operating Income for the three months ended in Nov. 2023 was 円 475 Mil. Medical Ikkou Group Co's Interest Expense for the three months ended in Nov. 2023 was 円 -15 Mil. Medical Ikkou Group Co's Interest Coverage for the quarter that ended in Nov. 2023 was 31.82. 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.

Medical Ikkou Group Co Interest Expense Historical Data

The historical data trend for Medical Ikkou Group 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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Medical Ikkou Group Co Interest Expense Chart

Medical Ikkou Group Co Annual Data

Trend

Feb14

Feb15

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Feb23

Interest Expense

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-61.99

-59.00

-53.74

-58.27

-50.81

Medical Ikkou Group Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Interest Expense	Get a 7-Day Free Trial															-12.59	-11.65	-12.48	-11.90	-14.94

Medical Ikkou Group 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 Nov. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-51 Mil.

Medical Ikkou Group Co (TSE:3353) 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.

Medical Ikkou Group Co's Interest Expense for the three months ended in Nov. 2023 was 円-15 Mil. Its Operating Income for the three months ended in Nov. 2023 was 円475 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was 円5,713 Mil.

Medical Ikkou Group Co's Interest Coverage for the quarter that ended in Nov. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2023 )	/	Interest Expense (Q: Nov. 2023 )
	=	-1	*	475.369	/	-14.94
	=	31.82

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

Medical Ikkou Group Co (TSE:3353) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Medical Ikkou Group Co Ltd (TSE:3353) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

501 62 Fujikata, Mie Prefecture, Tsu, JPN, 514-0815

Website

http://www.m-ikkou.co.jp

Medical Ikkou Group Co Ltd is engaged in Dispensing pharmacy business, healthcare business, pharmaceutical wholesale business, real estate business, and investment business.

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