Canon Electronics (TSE:7739) Interest Expense : 円-13 Mil (TTM As of Dec. 2023)

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What is Canon Electronics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Canon Electronics's interest expense for the three months ended in Dec. 2023 was 円 -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-13 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. Canon Electronics's Operating Income for the three months ended in Dec. 2023 was 円 4,530 Mil. Canon Electronics's Interest Expense for the three months ended in Dec. 2023 was 円 -1 Mil. Canon Electronics's Interest Coverage for the quarter that ended in Dec. 2023 was 4,530.00. 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.

Canon Electronics Interest Expense Historical Data

The historical data trend for Canon Electronics'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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Canon Electronics Interest Expense Chart

Canon Electronics Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2.00

-33.00

-24.00

Canon Electronics 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															-11.00	-12.00	-	-1.00	-

Canon Electronics 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-13 Mil.

Canon Electronics (TSE:7739) 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.

Canon Electronics's Interest Expense for the three months ended in Dec. 2023 was 円-1 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円4,530 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円107 Mil.

Canon Electronics's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4530	/	-1
	=	4,530.00

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. Canon Electronics Inc has enough cash to cover all of its debt. Its financial situation is stable.

Canon Electronics (TSE:7739) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Canon Electronics Inc (TSE:7739) » Definitions » Interest Expense

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CAOEF:USA

Address

1248 Shimokagemori, Chichibu-shi, Saitama, JPN, 369-1892

Website

http://www.canon-elec.co.jp

Canon Electronics Inc is a Japanese company engaged in the development, production, and sales of precision machines and instruments, electric and electronic machines and instruments; information devices; software for computers and communications devices. The company mainly manufactures various scanners such as document scanners, network scanner, and check scanner.

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