Tsurumi Manufacturing Co (TSE:6351) Interest Expense : 円-74 Mil (TTM As of Sep. 2024)

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What is Tsurumi Manufacturing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tsurumi Manufacturing Co's interest expense for the three months ended in Sep. 2024 was 円 -31 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was 円-74 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. Tsurumi Manufacturing Co's Operating Income for the three months ended in Sep. 2024 was 円 2,303 Mil. Tsurumi Manufacturing Co's Interest Expense for the three months ended in Sep. 2024 was 円 -31 Mil. Tsurumi Manufacturing Co's Interest Coverage for the quarter that ended in Sep. 2024 was 74.29. 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.

Tsurumi Manufacturing Co Interest Expense Historical Data

The historical data trend for Tsurumi Manufacturing 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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Tsurumi Manufacturing Co Interest Expense Chart

Tsurumi Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-13.00

-22.00

-10.00

-12.00

-46.00

Tsurumi Manufacturing 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															-8.00	-14.00	-15.00	-14.00	-31.00

Tsurumi Manufacturing 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-74 Mil.

Tsurumi Manufacturing Co (TSE:6351) 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.

Tsurumi Manufacturing Co's Interest Expense for the three months ended in Sep. 2024 was 円-31 Mil. Its Operating Income for the three months ended in Sep. 2024 was 円2,303 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was 円8,732 Mil.

Tsurumi Manufacturing 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	*	2303	/	-31
	=	74.29

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

Tsurumi Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tsurumi Manufacturing Co Ltd (TSE:6351) » Definitions » Interest Expense

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Address

4-16-40 Tsurumi, Tsurumi-ku, Osaka-shi, Osaka, JPN, 538-8585

Website

http://www.tsurumipump.co.jp

Tsurumi Manufacturing Co Ltd is a Japan-based company mainly engaged in the manufacture, purchase, sale, lease, rent, and repair of water pumps. The company offers products including submersible and non-submersible construction dewatering pumps, submersible sewage and wastewater pumps, submersible seawater pumps, non-submersible clean water pumps, and other submersible pumps. It also provides liquid ring pumps, water treatment equipment comprising of aeration equipment, scum skimmers, decanters, dehydrators, and screening equipment, portable generators, and liquid level sensors. Additionally, the company's products are used in construction and mining, industrial and energy, agricultural and irrigation, river and flood control, waterworks and wastewater, and environmental protection fields.

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