Sumitomo Bakelite Co (TSE:4203) Interest Expense : 円-482 Mil (TTM As of Mar. 2024)

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What is Sumitomo Bakelite Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumitomo Bakelite Co's interest expense for the three months ended in Mar. 2024 was 円 -56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-482 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. Sumitomo Bakelite Co's Operating Income for the three months ended in Mar. 2024 was 円 6,660 Mil. Sumitomo Bakelite Co's Interest Expense for the three months ended in Mar. 2024 was 円 -56 Mil. Sumitomo Bakelite Co's Interest Coverage for the quarter that ended in Mar. 2024 was 118.93. 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.

Sumitomo Bakelite Co Interest Expense Historical Data

The historical data trend for Sumitomo Bakelite 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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Sumitomo Bakelite Co Interest Expense Chart

Sumitomo Bakelite Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-522.00

-5,132.00

-298.00

-475.00

-322.00

Sumitomo Bakelite 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															-191.00	-114.00	-67.00	-245.00	-56.00

Sumitomo Bakelite 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-482 Mil.

Sumitomo Bakelite Co (TSE:4203) 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.

Sumitomo Bakelite Co's Interest Expense for the three months ended in Mar. 2024 was 円-56 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円6,660 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円15,476 Mil.

Sumitomo Bakelite Co'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	*	6660	/	-56
	=	118.93

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. Sumitomo Bakelite Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Sumitomo Bakelite Co (TSE:4203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sumitomo Bakelite Co Ltd (TSE:4203) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

2-5-8 Higashi-shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0002

Website

http://www.sumibe.co.jp

Sumitomo Bakelite Co Ltd manufactures and sells plastics and chemical-based products. The firm's three segments are based on product type. The high-performance plastics segment, which generates more revenue than any other segment, sells phenolic molding compounds and phenolic resins used to make the interiors of aerospace and automotive vehicles. The quality-of-life segment sells medical-device products including endoscopic, surgery, drainage, and circulation devices. The semiconductor materials segment sells epoxy resin molding compounds and liquid resins used for semiconductor encapsulation in smartphones and other consumer electronic devices. The majority of revenue comes from Asia.

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