Toho Titanium Co (Toho Titanium Co) Interest Expense : $-1.5 Mil (TTM As of Dec. 2023)

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What is Toho Titanium Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Toho Titanium Co's interest expense for the three months ended in Dec. 2023 was $ -0.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1.5 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. Toho Titanium Co's Operating Income for the three months ended in Dec. 2023 was $ 10.7 Mil. Toho Titanium Co's Interest Expense for the three months ended in Dec. 2023 was $ -0.4 Mil. Toho Titanium Co's Interest Coverage for the quarter that ended in Dec. 2023 was 27.50. 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.

Toho Titanium Co Interest Expense Historical Data

The historical data trend for Toho Titanium 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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Toho Titanium Co Interest Expense Chart

Toho Titanium Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.55

-1.53

-1.48

-1.30

-1.46

Toho Titanium 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															-0.36	-0.34	-0.37	-0.39	-0.41

Toho Titanium 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 $-1.5 Mil.

Toho Titanium Co (OTCPK:TTNNF) 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.

Toho Titanium Co's Interest Expense for the three months ended in Dec. 2023 was $-0.4 Mil. Its Operating Income for the three months ended in Dec. 2023 was $10.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $135.4 Mil.

Toho Titanium 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	*	10.696	/	-0.389
	=	27.50

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

Toho Titanium Co (Toho Titanium Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Toho Titanium Co Ltd (OTCPK:TTNNF) » Definitions » Interest Expense

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Traded in Other Exchanges

5727:Japan 40A:Germany

Address

3-3-5,Chigasaki, Chigasaki City, Kanagawa, JPN, 2538510

Website

http://www.toho-titanium.co.jp

Toho Titanium Co Ltd is a company which focuses on titanium products. Through its titanium business, the company manufactures titanium ingots, titanium sponge, high-purity titanium, and fabricated titanium products. Products are sold across several industries, mostly for aerospace and electronic materials production. Materials gained in the titanium production process are utilised to create catalysts, titanium dioxide for electronic materials, and nickel powder for capacitors. These products form the catalysts and chemicals business, and the output is largely sold to petrochemical companies and businesses manufacturing electronic materials.

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