Sekisui Kasei Co (TSE:4228) Interest Expense : 円-788 Mil (TTM As of Dec. 2023)

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What is Sekisui Kasei Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sekisui Kasei Co's interest expense for the three months ended in Dec. 2023 was 円 -247 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-788 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. Sekisui Kasei Co's Operating Income for the three months ended in Dec. 2023 was 円 153 Mil. Sekisui Kasei Co's Interest Expense for the three months ended in Dec. 2023 was 円 -247 Mil. Sekisui Kasei Co's Interest Coverage for the quarter that ended in Dec. 2023 was 0.62. 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.

Sekisui Kasei Co Interest Expense Historical Data

The historical data trend for Sekisui Kasei 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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Sekisui Kasei Co Interest Expense Chart

Sekisui Kasei Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-164.00

-392.00

-373.00

-386.00

-538.00

Sekisui Kasei Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-141.00	-172.00	-142.00	-227.00	-247.00

Sekisui Kasei 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-788 Mil.

Sekisui Kasei Co (TSE:4228) 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.

Sekisui Kasei Co's Interest Expense for the three months ended in Dec. 2023 was 円-247 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円153 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円22,509 Mil.

Sekisui Kasei Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	153	/	-247
	=	0.62

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. Sekisui Kasei Co Ltd interest coverage is 1.43, which is low.

Sekisui Kasei Co (TSE:4228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sekisui Kasei Co Ltd (TSE:4228) » Definitions » Interest Expense

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Address

2-4-4 Nishitenma, Kita-ku, Osaka, JPN, 530-8565

Website

http://www.sekisuikasei.com

Sekisui Kasei Co Ltd is a plastic provider solution company. The company is engaged in manufacture and sale of foamed plastic and other plastic products. It operates in two segments, Human Life, and Industry. The products in human life segment include Eslen beads, Eslen sheet, Eslen wood, Interforms, ES molded products such as ES Dan mat, Eslen block used in agricultural and fishery materials, food packaging materials, distribution materials, construction materials, civil engineering materials. The products in Industry segment are Pioceran, Literon, Neomicrolen, Serpet, Techpolymer, Technogel, Techheater, Elastil, Formac, ST-LAYER used in automotive materials, vehicle parts packaging, industrial materials, industrial packaging, electronic component materials, medical and health materials.

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