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DIC (TSE:4631) Interest Expense : 円-11,821 Mil (TTM As of Mar. 2024)


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What is DIC Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. DIC's interest expense for the three months ended in Mar. 2024 was 円 -2,603 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-11,821 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. DIC's Operating Income for the three months ended in Mar. 2024 was 円 8,477 Mil. DIC's Interest Expense for the three months ended in Mar. 2024 was 円 -2,603 Mil. DIC's Interest Coverage for the quarter that ended in Mar. 2024 was 3.26. 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.

DIC Interest Expense Historical Data

The historical data trend for DIC'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.

DIC Interest Expense Chart

DIC Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3,724.00 -2,225.00 -2,176.00 -4,512.00 -11,274.00

DIC 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2,056.00 -3,051.00 -3,426.00 -2,741.00 -2,603.00

DIC 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-11,821 Mil.

* 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.

DIC  (TSE:4631) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

DIC's Interest Expense for the three months ended in Mar. 2024 was 円-2,603 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円8,477 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円413,311 Mil.

DIC'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*8477/-2603
=3.26

* 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.

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. DIC Corp interest coverage is 1.73, which is low.

DIC (TSE:4631) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » DIC Corp (TSE:4631) » Definitions » Interest Expense
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Traded in Other Exchanges
DPN:Germany
Address
DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, JPN, 103-8233
Website
http://www.dic-global.com/en/index.html
DIC Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four segments based on product type. The printing inks segment, which generates the most revenue of any segment, sells inks used for publishing as well as inks and adhesives used for packaging. The polymers segment sells synthetic resins used in electronics and automobiles. The fine chemicals segment sells liquid crystals used for televisions and monitors as well as pigments for color filters. The application materials segment sells industrial adhesive tape as well as materials used for coating, printing, and molding.

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