Shibaura Machine Co (TSE:6104) Interest Expense : 円-201 Mil (TTM As of Dec. 2023)

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What is Shibaura Machine Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shibaura Machine Co's interest expense for the three months ended in Dec. 2023 was 円 -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-201 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. Shibaura Machine Co's Operating Income for the three months ended in Dec. 2023 was 円 1,490 Mil. Shibaura Machine Co's Interest Expense for the three months ended in Dec. 2023 was 円 -6 Mil. Shibaura Machine Co's Interest Coverage for the quarter that ended in Dec. 2023 was 248.33. 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.

Shibaura Machine Co Interest Expense Historical Data

The historical data trend for Shibaura Machine 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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Shibaura Machine Co Interest Expense Chart

Shibaura Machine Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-81.00

-84.00

-117.00

-219.00

-201.00

Shibaura Machine Co 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															-96.00	-41.00	-49.00	-6.00	-105.00

Shibaura Machine 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-201 Mil.

Shibaura Machine Co (TSE:6104) 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.

Shibaura Machine Co's Interest Expense for the three months ended in Dec. 2023 was 円-6 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円1,490 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円0 Mil.

Shibaura Machine Co'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	*	1490	/	-6
	=	248.33

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. Shibaura Machine Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shibaura Machine Co (TSE:6104) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shibaura Machine Co Ltd (TSE:6104) » Definitions » Interest Expense

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TOA:Germany

Address

2068-3 Ooka, Shizuoka Prefecture, Numazu, JPN, 410-8510

Website

http://www.toshiba-machine.co.jp

Shibaura Machine is engaged in manufacturing and distribution of molding machineries and machine tools. The business of the company is divided into two segments: molding machinery and machine tools. The company's product portfolio comprises injection molding machines, die-casting machines, plastic extrusion, large-size machine tools, portal-type machine tools, machining centers, horizontal boring machines, and high-precision machines, among others. The company's products are used in manufacturing of computers, automobile engines, transmissions, medical products, high-precision lenses, displays, construction machines, and wind power generation. A vast majority of the company's revenue is generated by the molding machinery segment, and the company earns most of its revenue in Japan.

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