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Tsubaki Nakashima Co (TSE:6464) Interest Expense : 円-2,038 Mil (TTM As of Jun. 2024)


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What is Tsubaki Nakashima Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tsubaki Nakashima Co's interest expense for the three months ended in Jun. 2024 was 円 -395 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was 円-2,038 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. Tsubaki Nakashima Co's Operating Income for the three months ended in Jun. 2024 was 円 663 Mil. Tsubaki Nakashima Co's Interest Expense for the three months ended in Jun. 2024 was 円 -395 Mil. Tsubaki Nakashima Co's Interest Coverage for the quarter that ended in Jun. 2024 was 1.68. 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.


Tsubaki Nakashima Co Interest Expense Historical Data

The historical data trend for Tsubaki Nakashima 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.

Tsubaki Nakashima Co Interest Expense Chart

Tsubaki Nakashima Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,019.00 -1,071.00 -1,103.00 -1,203.00 -1,293.00

Tsubaki Nakashima Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -305.00 -311.00 -369.00 -963.00 -395.00

Tsubaki Nakashima 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-2,038 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.


Tsubaki Nakashima Co  (TSE:6464) 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.

Tsubaki Nakashima Co's Interest Expense for the three months ended in Jun. 2024 was 円-395 Mil. Its Operating Income for the three months ended in Jun. 2024 was 円663 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was 円81,763 Mil.

Tsubaki Nakashima Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*663/-395
=1.68

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Tsubaki Nakashima Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Tsubaki Nakashima Co Business Description

Traded in Other Exchanges
N/A
Address
19, Shakudo, Katsuragi, JPN, 639-2162
Tsubaki Nakashima Co Ltd is Japanese based steel balls and precision products, manufacturer. The company is engaged in the production and sale of industrial precision balls, rollers, ball screws, large-scale blowers, cages and sheet metal parts. Its products are used for bearing and other applications such as transportation equipment, home appliances, machine tools, robots, drone, automation equipment, ballpoint pen, and cosmetic spray.

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