Ray (TSE:4317) Interest Expense : 円-6 Mil (TTM As of Nov. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Ray Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ray's interest expense for the three months ended in Nov. 2023 was 円 -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2023 was 円-6 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. Ray's Operating Income for the three months ended in Nov. 2023 was 円 728 Mil. Ray's Interest Expense for the three months ended in Nov. 2023 was 円 -1 Mil. Ray's Interest Coverage for the quarter that ended in Nov. 2023 was 576.49. 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.

Ray Interest Expense Historical Data

The historical data trend for Ray'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.

* Premium members only.

Ray Interest Expense Chart

Ray Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Interest Expense

Get a 7-Day Free Trial

-4.10

-2.00

-5.97

-7.77

-7.06

Ray 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															-1.66	-1.59	-1.52	-1.31	-1.26

Ray 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-6 Mil.

Ray (TSE:4317) 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.

Ray's Interest Expense for the three months ended in Nov. 2023 was 円-1 Mil. Its Operating Income for the three months ended in Nov. 2023 was 円728 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2023 was 円153 Mil.

Ray'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	*	728.111	/	-1.263
	=	576.49

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. Ray Corp has enough cash to cover all of its debt. Its financial situation is stable.

Ray (TSE:4317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Ray Corp (TSE:4317) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-15-21 Roppongi, Hakus Roppongi Building, Minato-ku, Tokyo, JPN, 106-0032

Website

http://www.ray.co.jp

Ray Corp is engaged in communication design, events, creative design, and show and visual technical businesses in Japan. It is involved in the planning and production of various promotions, events, exhibitions, expositions, showrooms, printed materials, designs, premium products, and digital promotion of the Web. The company is also engaged in the rental and operation of large video equipment in the MICE and concerts.; live broadcasting, shooting, and network distribution activities; and video equipment sale and operational support to showrooms, hotel and conference facilities among other services.

Ray (TSE:4317) Headlines

No Headlines