Kyowa Leather Cloth Co (TSE:3553) Interest Expense : 円-14 Mil (TTM As of Sep. 2024)

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What is Kyowa Leather Cloth Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kyowa Leather Cloth Co's interest expense for the three months ended in Sep. 2024 was 円 -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was 円-14 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. Kyowa Leather Cloth Co's Operating Income for the three months ended in Sep. 2024 was 円 502 Mil. Kyowa Leather Cloth Co's Interest Expense for the three months ended in Sep. 2024 was 円 -2 Mil. Kyowa Leather Cloth Co's Interest Coverage for the quarter that ended in Sep. 2024 was 251.00. 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.

Kyowa Leather Cloth Co Interest Expense Historical Data

The historical data trend for Kyowa Leather Cloth 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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Kyowa Leather Cloth Co Interest Expense Chart

Kyowa Leather Cloth Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-46.00

-36.00

-32.00

-24.00

-18.00

Kyowa Leather Cloth Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-5.00	-4.00	-5.00	-2.00	-3.00

Kyowa Leather Cloth 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-14 Mil.

Kyowa Leather Cloth Co (TSE:3553) 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.

Kyowa Leather Cloth Co's Interest Expense for the three months ended in Sep. 2024 was 円-2 Mil. Its Operating Income for the three months ended in Sep. 2024 was 円502 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was 円0 Mil.

Kyowa Leather Cloth Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	502	/	-2
	=	251.00

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

Kyowa Leather Cloth Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kyowa Leather Cloth Co Ltd (TSE:3553) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

1876 Higashi-machi, Minami-ku, Shizuoka Prefecture, Hamamatsu, JPN, 430-8510

Website

http://www.kyowale.co.jp

Kyowa Leather Cloth Co Ltd is a Japan-based chemical manufacturer. The company is mainly engaged in the manufacturing, processing, and sales of various synthetic resin products. It operates in Automotive, Housing and Fashion and lifestyle business divisions. Kyowa offers synthetic leather cover materials for automotive interiors, decorative products like wall covering paper or film, wood paneling for furniture, interior doors and walls, steel laminated decorative film, polyvinyl chloride (PVC) products consisting of handbags, shoes, and accessories.

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