Toyobo Co (Toyobo Co) Interest Expense : $-9 Mil (TTM As of Dec. 2023)

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What is Toyobo Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Toyobo Co's interest expense for the three months ended in Dec. 2023 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-9 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. Toyobo Co's Operating Income for the three months ended in Dec. 2023 was $ 18 Mil. Toyobo Co's Interest Expense for the three months ended in Dec. 2023 was $ -2 Mil. Toyobo Co's Interest Coverage for the quarter that ended in Dec. 2023 was 7.45. 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.

Toyobo Co Interest Expense Historical Data

The historical data trend for Toyobo 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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Toyobo Co Interest Expense Chart

Toyobo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-11.74

-12.72

-11.80

-10.21

-9.94

Toyobo Co 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															-2.51	-2.43	-2.14	-2.26	-2.45

Toyobo 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 $-9 Mil.

Toyobo Co (OTCPK:TYOBY) 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.

Toyobo Co's Interest Expense for the three months ended in Dec. 2023 was $-2 Mil. Its Operating Income for the three months ended in Dec. 2023 was $18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $934 Mil.

Toyobo 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	*	18.266	/	-2.452
	=	7.45

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Toyobo Co Ltd interest coverage is 4.18, which is low.

Toyobo Co (Toyobo Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toyobo Co Ltd (OTCPK:TYOBY) » Definitions » Interest Expense

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3101:Japan

Address

2-8, Dojima Hama 2-chome, Kita-ku, Osaka, JPN, 530-8230

Website

http://www.toyobo.co.jp

Toyobo Co Ltd manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four segments based on product type. The films and functional polymers segment, which generates more of Toyobo's revenue than any other segment, sells industrial films for liquid crystal displays, packaging films for food packaging, and engineered plastics and coatings for electronics. The industrial materials segment sells airbag fabrics and polyester for tires to the automotive industry. The healthcare segment sells enzymes for diagnostics, diagnostic systems, pharmaceuticals, and seawater desalination modules. The textiles segment sells synthetic and acrylic fibers used for apparel production. The majority of revenue comes from Japan.

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