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Mitsui (Mitsui) Interest Expense : $-1,155 Mil (TTM As of Dec. 2023)


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What is Mitsui Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsui's interest expense for the three months ended in Dec. 2023 was $ -287 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-1,155 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's Operating Income for the three months ended in Dec. 2023 was $ 1,260 Mil. Mitsui's Interest Expense for the three months ended in Dec. 2023 was $ -287 Mil. Mitsui's Interest Coverage for the quarter that ended in Dec. 2023 was 4.39. 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 Interest Expense Historical Data

The historical data trend for Mitsui'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.

* Premium members only.

Mitsui Interest Expense Chart

Mitsui Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -720.83 -832.55 -477.91 -399.10 -857.24

Mitsui 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -246.63 -311.62 -272.99 -283.59 -287.24

Mitsui 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 $-1,155 Mil.

* 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.

Mitsui  (OTCPK:MITSF) Interest Expense Explanation

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. The higher, the better.

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's Interest Expense for the three months ended in Dec. 2023 was $-287 Mil. Its Operating Income for the three months ended in Dec. 2023 was $1,260 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $26,744 Mil.

Mitsui'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*1260.349/-287.238
=4.39

* 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.

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

Mitsui (Mitsui) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsui & Co Ltd (OTCPK:MITSF) » Definitions » Interest Expense
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TSE:8001 TSE:6501 TSE:8058 TSE:8053 TSE:8002 TSE:4901 TSE:8015 TSE:6971 TSE:9435 TSE:9042 ADX:IHC HON MMM ADX:ALPHADHABI HKSE:00267 BSP:ITSA3 GCARSOA1 HKSE:00001 MIL:PST IST:KCHOL
Traded in Other Exchanges
MITSY:USA 8031:Japan MTS1:Germany
Address
1-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8631
Website
https://www.mitsui.com
Mitsui & Co Ltd is a general trading company with a wide range of business activities in the areas of iron and steel, mineral and metal resources, machinery and infrastructure, chemicals, energy, lifestyle, innovation, and corporate development. The firm also participates in the development of natural resources, and it has minority interests in several upstream resource projects, which include iron ore and coal projects in Australia; copper mining projects in Chile; and oil and gas projects in Asia, the Middle East, and the United States.

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