Nidec (TSE:6594) Interest Expense : 円-21,867 Mil (TTM As of Mar. 2024)

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What is Nidec Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nidec's interest expense for the three months ended in Mar. 2024 was 円 -5,630 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-21,867 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. Nidec's Operating Income for the three months ended in Mar. 2024 was 円 -6,215 Mil. Nidec's Interest Expense for the three months ended in Mar. 2024 was 円 -5,630 Mil. Nidec did not have earnings to cover the interest expense. 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.

Nidec Interest Expense Historical Data

The historical data trend for Nidec'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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Nidec Interest Expense Chart

Nidec Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-9,299.00

-5,924.00

-5,653.00

-13,146.00

-21,867.00

Nidec 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															-4,266.00	-4,786.00	-4,660.00	-6,791.00	-5,630.00

Nidec 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-21,867 Mil.

Nidec (TSE:6594) 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.

Nidec's Interest Expense for the three months ended in Mar. 2024 was 円-5,630 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円-6,215 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円414,817 Mil.

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

Nidec did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

Nidec (TSE:6594) Business Description

Industry

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NNDNF:USA NJDCY:USA NIDEC:Mexico NIB:Germany NIB:Austria

Address

338 Kuzetonoshiro-cho, Minami-ku, Kyoto, JPN, 601-8205

Website

http://www.nidec.com

Nidec is a global leader of brushless DC motors. Brushless DC motors have advantages over other types of motors in power efficiency, silence, and durability. Nidec possesses the number-one market share in a wide variety of products, such as hard disk drive motors, optical disk drive motors, vibration motors on handsets, brushless motors for inverter air conditioners, and brushless motors for electric power steering on automobiles. It continues to benefit from the growing demand for power-efficient motors, driven by strengthening environmental regulations. Nidec sets an ambitious target to increase its revenue to JPY 3 trillion in fiscal 2025 from JPY 1.9 trillion in fiscal 2021.

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