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Daiki Aluminium Industry Co (TSE:5702) Interest Expense : 円-1,330 Mil (TTM As of Sep. 2024)


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What is Daiki Aluminium Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Daiki Aluminium Industry Co's interest expense for the three months ended in Sep. 2024 was 円 -390 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was 円-1,330 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. Daiki Aluminium Industry Co's Operating Income for the three months ended in Sep. 2024 was 円 1,825 Mil. Daiki Aluminium Industry Co's Interest Expense for the three months ended in Sep. 2024 was 円 -390 Mil. Daiki Aluminium Industry Co's Interest Coverage for the quarter that ended in Sep. 2024 was 4.68. 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.

Daiki Aluminium Industry Co Interest Expense Historical Data

The historical data trend for Daiki Aluminium Industry 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.

* Premium members only.

Daiki Aluminium Industry Co Interest Expense Chart

Daiki Aluminium Industry Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -748.00 -385.00 -627.00 -855.00 -1,235.00

Daiki Aluminium Industry Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -341.00 -338.00 -297.00 -305.00 -390.00

Daiki Aluminium Industry 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-1,330 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.

Daiki Aluminium Industry Co  (TSE:5702) 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.

Daiki Aluminium Industry Co's Interest Expense for the three months ended in Sep. 2024 was 円-390 Mil. Its Operating Income for the three months ended in Sep. 2024 was 円1,825 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was 円8,236 Mil.

Daiki Aluminium Industry Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*1825/-390
=4.68

* 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. Daiki Aluminium Industry Co Ltd interest coverage is 3.4, which is low.

Daiki Aluminium Industry Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Daiki Aluminium Industry Co Ltd (TSE:5702) » Definitions » Interest Expense
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Traded in Other Exchanges
7YB:Germany
Address
Nichiei Bldg., 4-8, 1-chome, Tosabori, Nishi-ku, Osaka, JPN, 5500001
Website
http://www.dik-net.com
Daiki Aluminium Industry Co Ltd engages in the manufacture and sale of secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling. The company offers secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling; secondary aluminum ingots for roll products; and aluminum mother alloy ingots. It is also involved in the design, construction, and repair of aluminum smelting furnaces; trading of aluminum ingots and aluminum scrap; and processing of turnings, dross, and defective products arising from sources, such as die-cast and cast metal manufacturers.

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