MEC Co (TSE:4971) Interest Expense : 円-1 Mil (TTM As of Jun. 2024)

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What is MEC Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MEC Co's interest expense for the three months ended in Jun. 2024 was 円 -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was 円-1 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. MEC Co's Operating Income for the three months ended in Jun. 2024 was 円 1,310 Mil. MEC Co's Interest Expense for the three months ended in Jun. 2024 was 円 -0 Mil. MEC Co's Interest Coverage for the quarter that ended in Jun. 2024 was 4,092.43. 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.

MEC Co Interest Expense Historical Data

The historical data trend for MEC 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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MEC Co Interest Expense Chart

MEC Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.81

-1.59

-0.84

-0.70

-0.51

MEC Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.09	-0.13	-0.16	-0.18	-0.32

MEC 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-1 Mil.

MEC Co (TSE:4971) 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.

MEC Co's Interest Expense for the three months ended in Jun. 2024 was 円-0 Mil. Its Operating Income for the three months ended in Jun. 2024 was 円1,310 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was 円0 Mil.

MEC Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	1309.577	/	-0.32
	=	4,092.43

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

MEC Co Ltd has no debt.

MEC Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MEC Co Ltd (TSE:4971) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

3-4-1, Kuise Minamishimmachi, Hyogo, Amagasaki, JPN, 660-0822

Website

http://www.mec-co.com

MEC Co Ltd is a Japan-based chemical manufacturer. The company mainly develops, manufactures, and sells chemicals to produce printed circuit boards. Products offered by the company include dry film pretreatment, solar mask pretreatment, microetching, metal resist stripping, among others. Its products are used in automobile, smartphone, and computer. MEC also serves customers in Continental Asia, Europe, America's, India, The Middle-East, and North-Africa.

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