Mitsubishi Electric (Mitsubishi Electric) Interest Expense : $-109 Mil (TTM As of Dec. 2023)

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What is Mitsubishi Electric Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsubishi Electric's interest expense for the three months ended in Dec. 2023 was $ -65 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-109 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. Mitsubishi Electric's Operating Income for the three months ended in Dec. 2023 was $ 601 Mil. Mitsubishi Electric's Interest Expense for the three months ended in Dec. 2023 was $ -65 Mil. Mitsubishi Electric's Interest Coverage for the quarter that ended in Dec. 2023 was 9.26. 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.

Mitsubishi Electric Interest Expense Historical Data

The historical data trend for Mitsubishi Electric'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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Mitsubishi Electric Interest Expense Chart

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-39.43

-65.09

-26.02

-22.79

-32.14

Mitsubishi Electric 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															-50.51	-12.97	-8.79	-22.77	-64.84

Mitsubishi Electric 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 $-109 Mil.

Mitsubishi Electric (OTCPK:MIELY) 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.

Mitsubishi Electric's Interest Expense for the three months ended in Dec. 2023 was $-65 Mil. Its Operating Income for the three months ended in Dec. 2023 was $601 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,799 Mil.

Mitsubishi Electric'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	*	600.73	/	-64.842
	=	9.26

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

Mitsubishi Electric (Mitsubishi Electric) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mitsubishi Electric Corp (OTCPK:MIELY) » Definitions » Interest Expense

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MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.