Mitsubishi HC Capital (Mitsubishi HC Capital) Interest Expense : $-79 Mil (TTM As of Dec. 2023)

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What is Mitsubishi HC Capital Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsubishi HC Capital's interest expense for the three months ended in Dec. 2023 was $ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-79 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 HC Capital's Operating Income for the three months ended in Dec. 2023 was $ 259 Mil. Mitsubishi HC Capital's Interest Expense for the three months ended in Dec. 2023 was $ -20 Mil. Mitsubishi HC Capital's Interest Coverage for the quarter that ended in Dec. 2023 was 12.69. 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 HC Capital Interest Expense Historical Data

The historical data trend for Mitsubishi HC Capital'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 HC Capital Interest Expense Chart

Mitsubishi HC Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-24.81

-45.04

-38.69

-49.57

-57.95

Mitsubishi HC Capital 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															-15.80	-19.00	-19.86	-19.83	-20.38

Mitsubishi HC Capital 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 $-79 Mil.

Mitsubishi HC Capital (OTCPK:MIUFY) 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 HC Capital's Interest Expense for the three months ended in Dec. 2023 was $-20 Mil. Its Operating Income for the three months ended in Dec. 2023 was $259 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $35,187 Mil.

Mitsubishi HC Capital'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	*	258.575	/	-20.378
	=	12.69

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

Mitsubishi HC Capital (Mitsubishi HC Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mitsubishi HC Capital Inc (OTCPK:MIUFY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

8593:Japan 5B4:Germany

Address

5-1, Marunouchi 1-chome, Shin-Marunouchi Building, Chiyoda-ku, Tokyo, JPN, 100-6525

Website

https://www.mitsubishi-hc-capital.com

Mitsubishi HC Capital Inc is a provider of leases and rental solutions. It offers finance leases, operating leases, real estate leases, auto leases, carbon-neutral and green leases, personal computer rentals, measuring equipment rentals, machine tool rentals, as well as real estate-related finance, sales receivable factoring, medical fee factoring, installment sales, used machinery purchasing and sales, and insurance, among others.

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