Sumitomo Mitsui Financial Group (TSE:8316) Interest Expense

: 円-3,958,945 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumitomo Mitsui Financial Group's interest expense for the three months ended in Dec. 2023 was 円 -1,116,611 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-3,958,945 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 Mitsui Financial Group's Operating Income for the three months ended in Dec. 2023 was 円 Mil. Sumitomo Mitsui Financial Group's Interest Expense for the three months ended in Dec. 2023 was 円 Mil. 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 Mitsui Financial Group Interest Expense Historical Data

The historical data trend for Sumitomo Mitsui Financial Group'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 Mitsui Financial Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-1,157,478.00

-1,179,770.00

-517,822.00

-380,007.00

-2,061,922.00

Sumitomo Mitsui Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-595,963.00	-806,382.00	-990,570.00	-1,045,382.00	-1,116,611.00

Sumitomo Mitsui Financial Group 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-3,958,945 Mil.

Sumitomo Mitsui Financial Group (TSE:8316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sumitomo Mitsui Financial Group Inc (TSE:8316) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

SMFNF:USA SMFG:USA SMFG:Mexico XMFA:Germany S1MF34:Brazil

Address

1-2, Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-0005

Website

https://www.smfg.co.jp

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.

Sumitomo Mitsui Financial Group (TSE:8316) Headlines

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