Nitto Seimo Co (TSE:3524) Interest Expense : 円-83 Mil (TTM As of Jan. 2024)

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What is Nitto Seimo Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nitto Seimo Co's interest expense for the three months ended in Jan. 2024 was 円 -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was 円-83 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. Nitto Seimo Co's Operating Income for the three months ended in Jan. 2024 was 円 -145 Mil. Nitto Seimo Co's Interest Expense for the three months ended in Jan. 2024 was 円 -23 Mil. Nitto Seimo Co did not have earnings to cover the interest expense. 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.

Nitto Seimo Co Interest Expense Historical Data

The historical data trend for Nitto Seimo 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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Nitto Seimo Co Interest Expense Chart

Nitto Seimo Co Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-77.09

-60.85

-55.46

-67.04

-80.10

Nitto Seimo Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-20.53	-18.36	-20.38	-21.61	-22.58

Nitto Seimo 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-83 Mil.

Nitto Seimo Co (TSE:3524) 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.

Nitto Seimo Co's Interest Expense for the three months ended in Jan. 2024 was 円-23 Mil. Its Operating Income for the three months ended in Jan. 2024 was 円-145 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was 円7,173 Mil.

Nitto Seimo Co's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Nitto Seimo Co did not have earnings to cover the interest expense.

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. Nitto Seimo Co Ltd interest coverage is 4.72, which is low.

Nitto Seimo Co (TSE:3524) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nitto Seimo Co Ltd (TSE:3524) » Definitions » Interest Expense

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Traded in Other Exchanges

3524:Japan

Address

2-20-15 Shimbashi, Minato-ku, Tokyo, JPN

Website

http://www.nittoseimo.co.jp

Nitto Seimo Co Ltd is engaged in manufacturing and sales of knotless nets, knotted nets, minnow nets, and ropes for fishery and onshore use and sales of laborsaving machinery and equipment for vessels and fishing operation as well as marine products.

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