Mitsui Mining and Smelting Co (TSE:5706) Interest Expense : 円-2,398 Mil (TTM As of Dec. 2023)

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What is Mitsui Mining and Smelting Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsui Mining and Smelting Co's interest expense for the three months ended in Dec. 2023 was 円 -647 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-2,398 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. Mitsui Mining and Smelting Co's Operating Income for the three months ended in Dec. 2023 was 円 10,142 Mil. Mitsui Mining and Smelting Co's Interest Expense for the three months ended in Dec. 2023 was 円 -647 Mil. Mitsui Mining and Smelting Co's Interest Coverage for the quarter that ended in Dec. 2023 was 15.68. 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.

Mitsui Mining and Smelting Co Interest Expense Historical Data

The historical data trend for Mitsui Mining and Smelting 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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Mitsui Mining and Smelting Co Interest Expense Chart

Mitsui Mining and Smelting Co Annual Data

Trend

Mar14

Mar15

Mar16

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Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1,605.00

-1,749.00

-1,670.00

-1,852.00

-2,011.00

Mitsui Mining and Smelting Co 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															-427.00	-462.00	-631.00	-658.00	-647.00

Mitsui Mining and Smelting 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-2,398 Mil.

Mitsui Mining and Smelting Co (TSE:5706) 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.

Mitsui Mining and Smelting Co's Interest Expense for the three months ended in Dec. 2023 was 円-647 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円10,142 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円117,982 Mil.

Mitsui Mining and Smelting Co'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	*	10142	/	-647
	=	15.68

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. Mitsui Mining and Smelting Co Ltd interest coverage is 3.66, which is low.

Mitsui Mining and Smelting Co (TSE:5706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsui Mining and Smelting Co Ltd (TSE:5706) » Definitions » Interest Expense

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MMSMY:USA MMG:Germany

Address

1-11-1 Osaki, Gate City Ohsaki, West Tower, 19th Floor, Shingagawa-ku, Tokyo, JPN, 141-8584

Website

http://www.mitsui-kinzoku.co.jp

Mitsui Mining and Smelting Co Ltd (Mitsui Kinzoku) is a Japanese company which primarily supplies and produces metals for manufacturers of both automobiles and telecommunications devices. The company is split across four segments: Engineered Materials, within which Mitsui Kinzoku supplies catalytic converters, battery materials, and copper foil used in microelectronics; Metals, which involves mining, smelting, and recycling copper and zinc; Automotive Parts and Components, which principally manufactures door-related automotive parts; and Affiliates Coordination, which includes perlite, die-casting, and engineering projects. Whilst Mitsui Kinzoku derives the majority of revenue domestically, the company operates in several overseas markets, notably the United States and mainland Asia.

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