OKANO VALVE MFG Co (TSE:6492) Interest Expense : 円-3 Mil (TTM As of Feb. 2024)

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What is OKANO VALVE MFG Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. OKANO VALVE MFG Co's interest expense for the three months ended in Feb. 2024 was 円 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was 円-3 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. OKANO VALVE MFG Co's Operating Income for the three months ended in Feb. 2024 was 円 269 Mil. OKANO VALVE MFG Co's Interest Expense for the three months ended in Feb. 2024 was 円 0 Mil. GuruFocus does not calculate OKANO VALVE MFG Co's interest coverage with the available data. 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.

OKANO VALVE MFG Co Interest Expense Historical Data

The historical data trend for OKANO VALVE MFG 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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OKANO VALVE MFG Co Interest Expense Chart

OKANO VALVE MFG Co Annual Data

Trend

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Interest Expense

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-8.51

-7.00

-6.00

-5.00

-4.00

OKANO VALVE MFG Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-1.00	-1.00	-1.00	-1.00	-

OKANO VALVE MFG 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-3 Mil.

OKANO VALVE MFG Co (TSE:6492) 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.

OKANO VALVE MFG Co's Interest Expense for the three months ended in Feb. 2024 was 円0 Mil. Its Operating Income for the three months ended in Feb. 2024 was 円269 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was 円757 Mil.

OKANO VALVE MFG Co's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

GuruFocus does not calculate OKANO VALVE MFG Co's interest coverage with the available data.

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

OKANO VALVE MFG Co (TSE:6492) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » OKANO VALVE MFG Co Ltd (TSE:6492) » Definitions » Interest Expense

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Address

1-14 Nakamachi, Moji-ku, Kitakyusyu, JPN, 800-8601

Website

http://www.okano-valve.co.jp

OKANO VALVE MFG.CO.LTD. is the diversified industrial equipment and components manufacturer in Japan. The principal business activities of the company are the production of various valves, machinery and equipment. The company offers globe valve, gate valve, check valve, drain valve, lining valve, among others. In addition, it is involved in the various iron and steel casting, forging as well as the sale of its products.

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