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Mitsib Leasing PCL (BKK:MITSIB) Interest Expense : ฿-53.0 Mil (TTM As of Dec. 2024)


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What is Mitsib Leasing PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsib Leasing PCL's interest expense for the three months ended in Dec. 2024 was ฿ -14.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ฿-53.0 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. Mitsib Leasing PCL's Operating Income for the three months ended in Dec. 2024 was ฿ 23.0 Mil. Mitsib Leasing PCL's Interest Expense for the three months ended in Dec. 2024 was ฿ -14.6 Mil. Mitsib Leasing PCL's Interest Coverage for the quarter that ended in Dec. 2024 was 1.58. 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.

Mitsib Leasing PCL Interest Expense Historical Data

The historical data trend for Mitsib Leasing PCL'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.

Mitsib Leasing PCL Interest Expense Chart

Mitsib Leasing PCL Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -28.05 -29.65 -33.01 -45.99 -53.03

Mitsib Leasing PCL Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -14.16 -12.86 -13.76 -11.83 -14.58

Mitsib Leasing PCL 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿-53.0 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.

Mitsib Leasing PCL  (BKK:MITSIB) 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.

Mitsib Leasing PCL's Interest Expense for the three months ended in Dec. 2024 was ฿-14.6 Mil. Its Operating Income for the three months ended in Dec. 2024 was ฿23.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ฿183.1 Mil.

Mitsib Leasing PCL's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*22.968/-14.581
=1.58

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mitsib Leasing PCL interest coverage is 1.45, which is low.

Mitsib Leasing PCL Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mitsib Leasing PCL (BKK:MITSIB) » Definitions » Interest Expense
Comparable Companies
BKK:ACG BKK:MGC CVNA PAG TPE:2207 XBRU:DIE KMX LAD AN GPI TSE:4732 VVV ABG RUSHA HKSE:00881 LSE:INCH TSX:BYD ASX:APE CARG DRVN
Traded in Other Exchanges
N/A
Address
No. 895-6 Moo 5, Srinakarin Road, Samrong Nuea, Mueang Samutprakan, Samut Prakan, Bangkok, THA, 10270
Website
https://www.mitsibleasing.com
Mitsib Leasing PCL is engaged in providing finance services in hire-purchase and factoring. The principal activities of the group are the sale of cars and providing maintenance services for public transportation and providing finance services to retail customers. The company has four segments: Sale of cars, Factoring, Purchase, and Other Lending. The company derives the majority of its revenue from the sale of cars segment.

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