Meiwa (TSE:8103) Interest Expense : 円-83 Mil (TTM As of Dec. 2023)

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What is Meiwa Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meiwa's interest expense for the three months ended in Dec. 2023 was 円 -17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-83 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. Meiwa's Operating Income for the three months ended in Dec. 2023 was 円 1,078 Mil. Meiwa's Interest Expense for the three months ended in Dec. 2023 was 円 -17 Mil. Meiwa's Interest Coverage for the quarter that ended in Dec. 2023 was 63.41. 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.

Meiwa Interest Expense Historical Data

The historical data trend for Meiwa'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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Meiwa Interest Expense Chart

Meiwa Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-152.00

-145.00

-90.00

-69.00

-133.00

Meiwa 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															-37.00	-31.00	-17.00	-18.00	-17.00

Meiwa 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-83 Mil.

Meiwa (TSE:8103) 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.

Meiwa's Interest Expense for the three months ended in Dec. 2023 was 円-17 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円1,078 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円546 Mil.

Meiwa'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	*	1078	/	-17
	=	63.41

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

Meiwa (TSE:8103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Meiwa Corp (TSE:8103) » Definitions » Interest Expense

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Address

3-1, Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8311

Website

http://www.meiwa.co.jp

Meiwa Corp is a Japan-based company. It operates in nine business divisions. The Battery Materials Division develops consistent values from mineral resources and other starting materials. The Resources and Environment Business Division deals with rare earth, rare metals, metal products, inorganic materials, and environmental business. Resin business offers raw materials for automobiles, and electric machinery. The Medical-related Development Division supports procurement and consignment of drug substances and pharmaceutical intermediates. The Building Materials Division is mainly engaged in the field of insulation, interior, waterproofing, and wooden packaging. The company is also engaged in automobile, high function material, and petroleum business development project.

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