Hokuriku Electric Power Co (TSE:9505) Interest Expense : 円-7,498 Mil (TTM As of Dec. 2023)

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What is Hokuriku Electric Power Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hokuriku Electric Power Co's interest expense for the three months ended in Dec. 2023 was 円 -1,864 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-7,498 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. Hokuriku Electric Power Co's Operating Income for the three months ended in Dec. 2023 was 円 15,497 Mil. Hokuriku Electric Power Co's Interest Expense for the three months ended in Dec. 2023 was 円 -1,864 Mil. Hokuriku Electric Power Co's Interest Coverage for the quarter that ended in Dec. 2023 was 8.31. 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.

Hokuriku Electric Power Co Interest Expense Historical Data

The historical data trend for Hokuriku Electric Power 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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Hokuriku Electric Power Co Interest Expense Chart

Hokuriku Electric Power Co Annual Data

Trend

Mar15

Mar16

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Mar24

Interest Expense

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-7,657.00

-6,916.00

-6,578.00

-7,224.00

-7,498.00

Hokuriku Electric Power Co 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															-1,906.00	-1,920.00	-1,910.00	-1,864.00	-1,804.00

Hokuriku Electric Power 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-7,498 Mil.

Hokuriku Electric Power Co (TSE:9505) 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.

Hokuriku Electric Power Co's Interest Expense for the three months ended in Dec. 2023 was 円-1,864 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円15,497 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円1,088,818 Mil.

Hokuriku Electric Power Co'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	*	15497	/	-1864
	=	8.31

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

Hokuriku Electric Power Co (TSE:9505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hokuriku Electric Power Co Inc (TSE:9505) » Definitions » Interest Expense

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Traded in Other Exchanges

6HO:Germany

Address

15-1 Ushijima-cho, Toyama, JPN, 930-8686

Website

http://www.rikuden.co.jp

Hokuriku Electric Power Co Inc is an electric utility company that functions as a regulated monopoly in the Hokuriku region of Japan's main island of Honshu. Hokuriku Electric supplies electricity through power generation, transmission, and distribution. To do this, the company operates a portfolio of hydroelectric, thermal, and nuclear power plants located throughout Japan's Hokuriku region. Most of the total energy produced by Hokuriku Electric comes from its thermal facilities that utilize coal fuel sources. The company primarily generates revenue through the sale of electric power to residential and large-scale industrial customers in the machinery, chemical, and textile sectors.

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