Iron Mountain (Iron Mountain) Interest Expense

: $-598 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iron Mountain's interest expense for the three months ended in Dec. 2023 was $ -164 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-598 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. Iron Mountain's Operating Income for the three months ended in Dec. 2023 was $ 304 Mil. Iron Mountain's Interest Expense for the three months ended in Dec. 2023 was $ -164 Mil. Iron Mountain's Interest Coverage for the quarter that ended in Dec. 2023 was 1.85. 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.

Iron Mountain Interest Expense Historical Data

The historical data trend for Iron Mountain'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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Iron Mountain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-425.86

-426.85

-425.30

-496.29

-598.40

Iron Mountain Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-145.02	-137.17	-144.18	-152.80	-164.26

Iron Mountain 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 $-598 Mil.

Iron Mountain (NYSE:IRM) 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.

Iron Mountain's Interest Expense for the three months ended in Dec. 2023 was $-164 Mil. Its Operating Income for the three months ended in Dec. 2023 was $304 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $14,375 Mil.

Iron Mountain'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	*	303.627	/	-164.255
	=	1.85

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. Iron Mountain Inc interest coverage is 1.86, which is low.

Iron Mountain (Iron Mountain) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Iron Mountain Inc (NYSE:IRM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

I5M:Germany I5M:Germany I1RM34:Brazil

Address

85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801

Website

https://www.ironmountain.com

Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

Executives

William L Meaney	director, officer: President and CEO	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deborah Marson	officer: EVP, General Counsel, Sec.	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Robin Matlock	director	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Mark Kidd	officer: SVP, GM Data Centers	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Wing Cheung Hwang	officer: EVP&GM, Data Centers	C/O IRON MOUNTAIN INC., 85 NEW HAMPSHIRE AVE, SUITE 150, PORTSMOUTH NH 03801
John Tomovcsik	officer: EVP, G. Mgr., Rec. & Inf. Mgmt	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Edward Baker-greene	officer: EVP, CHRO	601 MERRITT 7, NORWALK CT 06851
Wendy J. Murdock	director	1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206
Samuels Theodore R. Ii	director	1990 E. GRAND AVE., EL SEGUNDO CA 90245
Barry Hytinen	officer: EVP & CFO	1000 TEMPUR WAY, LEXINGTON KY 40502
Daniel Borges	officer: VP & Chief Accounting Officer	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Walter C Rakowich	director	14100 E 35TH PL, AURORA CO 80011
Jennifer Allerton	director	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Greg W Mcintosh	officer: EVP, Strategic Accounts	C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110
Deirdre Evens	officer: EVP and Chief of Operations	10 STILLMEADOW WAY, FRAMINGHAM MA 01702