NOF (TSE:4403) Interest Expense : 円-129 Mil (TTM As of Dec. 2023)

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What is NOF Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NOF's interest expense for the three months ended in Dec. 2023 was 円 -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-129 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. NOF's Operating Income for the three months ended in Dec. 2023 was 円 13,210 Mil. NOF's Interest Expense for the three months ended in Dec. 2023 was 円 -30 Mil. NOF's Interest Coverage for the quarter that ended in Dec. 2023 was 440.33. 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.

NOF Interest Expense Historical Data

The historical data trend for NOF'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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NOF Interest Expense Chart

NOF Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-69.00

-61.00

-60.00

-80.00

-129.00

NOF 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															-30.00	-25.00	-37.00	-30.00	-37.00

NOF 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-129 Mil.

NOF (TSE:4403) 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.

NOF's Interest Expense for the three months ended in Dec. 2023 was 円-30 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円13,210 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円2,499 Mil.

NOF'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	*	13210	/	-30
	=	440.33

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

NOF (TSE:4403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » NOF Corp (TSE:4403) » Definitions » Interest Expense

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Address

4-20-3 Ebisu Shibuya-ku, Yebisu Garden Place Tower, Tokyo, JPN, 150-6019

Website

http://www.nof.co.jp

NOF Corp is a Japan-based specialty chemical manufacturer. It is engaged in producing a diversified range of products derived from plant and animal fats. The company's current businesses include oleo and specialty chemicals, functional chemicals and polymers, explosives and propulsion systems, functional foods, life science products, DDS development, display materials, anti-corrosion, logistics and real estate. It operates in four segments such as Functional Chemicals, Life Science, Explosive & Propulsion and Others. Most of its revenues are generated from its Functional Chemicals segment, which is engaged in the sale of fatty acids, surfactants, ethylene oxide, functional films, electronic materials and materials for anti-corrosion.

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