Toyota Motor Corporation

Published by Stock Analysis on Net

Last updated: 2018-01-29 02:54:54

Interest Coverage

2017 2016 2015 2014

Selected Financial Data

JPY in millions

Net income (loss) 1,926,985 2,434,211 2,307,904 1,991,648
Add: Income tax expense (benefit) 628,900 878,269 893,469 767,808
Add: Interest expense 29,353 35,403 22,871 19,630
Earnings before interest and tax (EBIT)
2,585,238
3,347,883
3,224,244
2,779,086
Interest expense 29,353 35,403 22,871 19,630

Ratio

Interest coverage 88.07 94.56 140.98 141.57

2017 calculation:

Interest coverage = EBIT ÷ Interest expense
= 2,585,238 ÷ 29,353 = 88.07