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Nippon Gear Co (TSE:6356) Interest Expense : 円-2 Mil (TTM As of Mar. 2024)


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What is Nippon Gear Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nippon Gear Co's interest expense for the three months ended in Mar. 2024 was 円 -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 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. Nippon Gear Co's Operating Income for the three months ended in Mar. 2024 was 円 496 Mil. Nippon Gear Co's Interest Expense for the three months ended in Mar. 2024 was 円 -1 Mil. Nippon Gear Co's Interest Coverage for the quarter that ended in Mar. 2024 was 917.07. 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.

Nippon Gear Co Interest Expense Historical Data

The historical data trend for Nippon Gear 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.

Nippon Gear Co Interest Expense Chart

Nippon Gear 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 -10.55 -8.87 -7.94 -4.14 -2.46

Nippon Gear 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 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 -0.90 -0.67 -0.65 -0.60 -0.54

Nippon Gear 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-2 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.

Nippon Gear Co  (TSE:6356) 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.

Nippon Gear Co's Interest Expense for the three months ended in Mar. 2024 was 円-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円496 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円222 Mil.

Nippon Gear Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*496.135/-0.541
=917.07

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nippon Gear Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Nippon Gear Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nippon Gear Co Ltd (TSE:6356) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
7 Kirihara-Cho, Kanagawa-Ken, Fujisawa, JPN, 252-0811
Website
http://www.nippon-gear.jp
Nippon Gear Co Ltd is engaged in the design, production, and sale of valve actuators, high-speed gear drivers, mixers, screw jacks, monitoring equipment, data communication equipment, control equipment, and software. It offers valve actuators for a range of applications in petroleum, nuclear, generating plants, and water/sewer pipelines; jacks for use in lifting/lowering, inclines, pulling, opening/closing, adjustment, and holding; gear drives for power plant, chemical plant, wastewater treatment plant, and other applications; and gears for automotive, railroad, industrial machine, and other industries.

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