Tomoe Engineering Co (TSE:6309) Interest Expense : 円-2 Mil (TTM As of Apr. 2024)

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What is Tomoe Engineering Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tomoe Engineering Co's interest expense for the three months ended in Apr. 2024 was 円 -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was 円-2 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. Tomoe Engineering Co's Operating Income for the three months ended in Apr. 2024 was 円 1,838 Mil. Tomoe Engineering Co's Interest Expense for the three months ended in Apr. 2024 was 円 -0 Mil. Tomoe Engineering Co's Interest Coverage for the quarter that ended in Apr. 2024 was 10,098.23. 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.

Tomoe Engineering Co Interest Expense Historical Data

The historical data trend for Tomoe Engineering 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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Tomoe Engineering Co Interest Expense Chart

Tomoe Engineering Co Annual Data

Trend

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Interest Expense

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-33.69

-7.11

-2.42

-5.02

-1.60

Tomoe Engineering Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Interest Expense	Get a 7-Day Free Trial															-0.15	-0.94	-0.30	-0.19	-0.18

Tomoe Engineering 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 Apr. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-2 Mil.

Tomoe Engineering Co (TSE:6309) 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.

Tomoe Engineering Co's Interest Expense for the three months ended in Apr. 2024 was 円-0 Mil. Its Operating Income for the three months ended in Apr. 2024 was 円1,838 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Apr. 2024 was 円0 Mil.

Tomoe Engineering Co's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2024 )	/	Interest Expense (Q: Apr. 2024 )
	=	-1	*	1837.877	/	-0.182
	=	10,098.23

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

Tomoe Engineering Co (TSE:6309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tomoe Engineering Co Ltd (TSE:6309) » Definitions » Interest Expense

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Address

12F Art-Village Osaki Centraltower, 1-2-2 Osaki, Shinagawa-ku, Tokyo, JPN, 141-0032

Website

http://www.tomo-e.co.jp

Tomoe Engineering Co Ltd is engaged in the manufacture and distribution of machinery. The product line includes - HED type centrifugal dehydrator, Tomoe belt concentrator, and rotary pressurized dehydrator, and others. The company is also involved in the import and export of synthetic resins, industrial chemicals, inorganic materials, electronic materials, liquors, and related products.

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