MAX Co (TSE:6454) Interest Expense : 円-35 Mil (TTM As of Mar. 2024)

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What is MAX Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MAX Co's interest expense for the three months ended in Mar. 2024 was 円 -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-35 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. MAX Co's Operating Income for the three months ended in Mar. 2024 was 円 2,718 Mil. MAX Co's Interest Expense for the three months ended in Mar. 2024 was 円 -8 Mil. MAX Co's Interest Coverage for the quarter that ended in Mar. 2024 was 339.75. 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.

MAX Co Interest Expense Historical Data

The historical data trend for MAX 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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MAX Co Interest Expense Chart

MAX Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-39.00

-42.00

-57.00

-41.00

-35.00

MAX 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															-9.00	-8.00	-9.00	-10.00	-8.00

MAX 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-35 Mil.

MAX Co (TSE:6454) 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.

MAX Co's Interest Expense for the three months ended in Mar. 2024 was 円-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円2,718 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円473 Mil.

MAX 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	*	2718	/	-8
	=	339.75

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

MAX Co (TSE:6454) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MAX Co Ltd (TSE:6454) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6-6 Nihonbashi Hakozakicho, Chuo-ku, Tokyo, JPN, 103-8502

Website

http://www.max-ltd.co.jp

MAX Co Ltd manufactures and distributes office supplies and industrial equipment. The company operates through office equipment, industrial equipment, and home care and rehabilitation (HCR) equipment divisions. It mainly offers products such as hand-held staplers and automatic staplers, numbering tools, check writers, and other office supplies. It also markets fastening devices for various purposes such as concrete reinforcing bar tying machines, air compressors, and rechargeable tools.

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