Hotel Newgrand Co (TSE:9720) Interest Expense : 円-27 Mil (TTM As of May. 2024)

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What is Hotel Newgrand Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hotel Newgrand Co's interest expense for the three months ended in May. 2024 was 円 -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2024 was 円-27 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. Hotel Newgrand Co's Operating Income for the three months ended in May. 2024 was 円 103 Mil. Hotel Newgrand Co's Interest Expense for the three months ended in May. 2024 was 円 -5 Mil. Hotel Newgrand Co's Interest Coverage for the quarter that ended in May. 2024 was 20.30. 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.

Hotel Newgrand Co Interest Expense Historical Data

The historical data trend for Hotel Newgrand 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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Hotel Newgrand Co Interest Expense Chart

Hotel Newgrand Co Annual Data

Trend

Nov15

Nov16

Nov17

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Nov19

Nov20

Nov21

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Nov24

Interest Expense

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-17.37

-27.86

-23.12

-31.59

-22.76

Hotel Newgrand Co Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Nov24
Interest Expense	Get a 7-Day Free Trial															-8.14	-8.01	-5.95	-5.07	-

Hotel Newgrand 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 May. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-27 Mil.

Hotel Newgrand Co (TSE:9720) 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.

Hotel Newgrand Co's Interest Expense for the three months ended in May. 2024 was 円-5 Mil. Its Operating Income for the three months ended in May. 2024 was 円103 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2024 was 円1,183 Mil.

Hotel Newgrand Co's Interest Coverage for the quarter that ended in May. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: May. 2024 )	/	Interest Expense (Q: May. 2024 )
	=	-1	*	102.969	/	-5.073
	=	20.30

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

Hotel Newgrand Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Hotel Newgrand Co Ltd (TSE:9720) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

10, Yamashita-cho, Naka-ku, Kanagawa, Yokohama-shi, JPN, 231-8520

Website

http://www.hotel-newgrand.co.jp

Hotel Newgrand Co Ltd is engaged in lodging operations. The company operates restaurants with different accommodation plans and rooms.

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