Nice (TSE:8089) Interest Expense : 円-764 Mil (TTM As of Dec. 2023)

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What is Nice Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nice's interest expense for the three months ended in Dec. 2023 was 円 -196 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-764 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. Nice's Operating Income for the three months ended in Dec. 2023 was 円 742 Mil. Nice's Interest Expense for the three months ended in Dec. 2023 was 円 -196 Mil. Nice's Interest Coverage for the quarter that ended in Dec. 2023 was 3.79. 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.

Nice Interest Expense Historical Data

The historical data trend for Nice'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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Nice Interest Expense Chart

Nice Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1,109.00

-959.00

-748.00

-782.00

-844.00

Nice Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-221.00	-197.00	-188.00	-183.00	-196.00

Nice 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-764 Mil.

Nice (TSE:8089) 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.

Nice's Interest Expense for the three months ended in Dec. 2023 was 円-196 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円742 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円22,819 Mil.

Nice'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	*	742	/	-196
	=	3.79

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

Nice (TSE:8089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Nice Corp (TSE:8089) » Definitions » Interest Expense

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Address

4-33-1, Tsurumichuo, Tsurumi-ku, Kanagawa Nice Building 8th Floor, Yokohama, JPN, 230-8571

Website

https://www.nice.co.jp

Nice Corp is engaged in the business related to housing. Principally, it is involved in the supply and sale of timber and construction materials and promotion of wooden buildings. The company offers timber products, structural frames, construction materials, housing equipment, and imported home products for material and furniture companies. Additionally, it is also into real estate agency business.

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