Mazda Motor (Mazda Motor) Interest Expense : $-58 Mil (TTM As of Dec. 2023)

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What is Mazda Motor Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mazda Motor's interest expense for the three months ended in Dec. 2023 was $ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-58 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. Mazda Motor's Operating Income for the three months ended in Dec. 2023 was $ 490 Mil. Mazda Motor's Interest Expense for the three months ended in Dec. 2023 was $ -14 Mil. Mazda Motor's Interest Coverage for the quarter that ended in Dec. 2023 was 35.16. 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.

Mazda Motor Interest Expense Historical Data

The historical data trend for Mazda Motor'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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Mazda Motor Interest Expense Chart

Mazda Motor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-53.49

-56.95

-73.91

-57.20

-63.47

Mazda Motor 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															-16.41	-18.14	-13.64	-12.58	-13.95

Mazda Motor 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 $-58 Mil.

Mazda Motor (OTCPK:MZDAY) 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.

Mazda Motor's Interest Expense for the three months ended in Dec. 2023 was $-14 Mil. Its Operating Income for the three months ended in Dec. 2023 was $490 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $2,663 Mil.

Mazda Motor'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	*	490.278	/	-13.946
	=	35.16

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

Mazda Motor (Mazda Motor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mazda Motor Corp (OTCPK:MZDAY) » Definitions » Interest Expense

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Traded in Other Exchanges

MZDAF:USA 7261:Japan MZA0:Germany

Address

3-1 Shinchi, Fuchu-cho, Aki-gun, Hiroshima, JPN, 730-8670

Website

http://www.mazda.com

Mazda Motor Corp is a Japanese automobile manufacturer. The company primarily manufactures passenger cars and commercial vehicles. Also, Mazda manufactures diesel and petroleum gasoline engines, along with manual and automatic transmissions for vehicles. The vast majority of Mazda's production is manufactured locally. The company segments itself across four geographic areas: Japan, North America, Europe, and other markets. The company derives more than half its consolidated revenue from operations in Japan, followed by North America, and then Europe.