Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) Interest Expense : $-139 Mil (TTM As of Mar. 2024)

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What is Sumitomo Metal Mining Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumitomo Metal Mining Co's interest expense for the three months ended in Mar. 2024 was $ -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-139 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. Sumitomo Metal Mining Co's Operating Income for the three months ended in Mar. 2024 was $ 181 Mil. Sumitomo Metal Mining Co's Interest Expense for the three months ended in Mar. 2024 was $ -45 Mil. Sumitomo Metal Mining Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.02. 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.

Sumitomo Metal Mining Co Interest Expense Historical Data

The historical data trend for Sumitomo Metal Mining 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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Sumitomo Metal Mining Co Interest Expense Chart

Sumitomo Metal Mining Co Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-72.98

-43.76

-25.04

-64.31

-122.11

Sumitomo Metal Mining Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-16.04	-24.60	-27.91	-41.76	-45.06

Sumitomo Metal Mining 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-139 Mil.

Sumitomo Metal Mining Co (OTCPK:STMNF) 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.

Sumitomo Metal Mining Co's Interest Expense for the three months ended in Mar. 2024 was $-45 Mil. Its Operating Income for the three months ended in Mar. 2024 was $181 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $2,648 Mil.

Sumitomo Metal Mining Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	181.072	/	-45.061
	=	4.02

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

Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sumitomo Metal Mining Co Ltd (OTCPK:STMNF) » Definitions » Interest Expense

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Traded in Other Exchanges

SMMYY:USA 5713:Japan S19:Germany

Address

11-3, Shimbashi 5-chome, Minato-ku, Tokyo, JPN, 105-8716

Website

http://www.smm.co.jp

Sumitomo Metal Mining Co Ltd has three core operating segments, namely mineral resources, smelting and refining, and materials. The mineral resources business is engaged in exploration, development, production and sale of non-ferrous metals, primarily in Japan. The smelting and refining segment which generates the majority of group revenue, smelts and sells copper, nickel zinc, lead gold and others, and manufactures and sells stretched copper products and special steel castings. The materials division manufactures semiconductor materials, battery materials, bonding materials, aerated light-weight concrete, chemical catalysts among others.

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