Sumitomo (Sumitomo) Interest Expense : $-603 Mil (TTM As of Dec. 2023)

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What is Sumitomo Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumitomo's interest expense for the three months ended in Dec. 2023 was $ -155 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-603 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's Operating Income for the three months ended in Dec. 2023 was $ 639 Mil. Sumitomo's Interest Expense for the three months ended in Dec. 2023 was $ -155 Mil. Sumitomo's Interest Coverage for the quarter that ended in Dec. 2023 was 4.14. 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 Interest Expense Historical Data

The historical data trend for Sumitomo'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 Interest Expense Chart

Sumitomo Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-364.71

-429.02

-282.24

-254.64

-447.32

Sumitomo 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															-122.95	-149.20	-142.90	-156.12	-154.53

Sumitomo 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 $-603 Mil.

Sumitomo (OTCPK:SSUMY) 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's Interest Expense for the three months ended in Dec. 2023 was $-155 Mil. Its Operating Income for the three months ended in Dec. 2023 was $639 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $19,865 Mil.

Sumitomo'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	*	639.193	/	-154.527
	=	4.14

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. Sumitomo Corp interest coverage is 4.31, which is low.

Sumitomo (Sumitomo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sumitomo Corp (OTCPK:SSUMY) » Definitions » Interest Expense

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SSUMF:USA 8053:Japan SUMA:Germany

Address

3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, JPN, 100-8601

Website

http://www.sumitomocorp.co.jp

Sumitomo Corp is a Japanese conglomerate that operates various business units: metal products; transportation and construction systems; environment and infrastructure; media, ICT, and lifestyle-related goods and services; and mineral resources, energy, chemical, and electronics. The businesses develop, manufacture, distribute, and service steel sheets, steel tubular products, nonferrous metal products, ship and aerospace equipment, railway cars, automobiles, construction equipment, lifestyle and food retail goods, materials and supplies, mineral resources, energy, electronics, and life sciences. The group also offers services in infrastructure projects, real estate construction, and general construction and development projects.