MIRAI (FRA:837) Interest Expense : €-3.36 Mil (TTM As of Apr. 2024)

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What is MIRAI Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MIRAI's interest expense for the six months ended in Apr. 2024 was € -1.75 Mil. Its interest expense for the trailing twelve months (TTM) ended in Apr. 2024 was €-3.36 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. MIRAI's Operating Income for the six months ended in Apr. 2024 was € 16.11 Mil. MIRAI's Interest Expense for the six months ended in Apr. 2024 was € -1.75 Mil. MIRAI's Interest Coverage for the quarter that ended in Apr. 2024 was 9.23. 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.

MIRAI Interest Expense Historical Data

The historical data trend for MIRAI'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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MIRAI Interest Expense Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Interest Expense

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-3.32

-3.28

-3.17

-3.19

-3.15

MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23	Apr24
Interest Expense	Get a 7-Day Free Trial											-1.65	-1.63	-1.67	-1.61	-1.75

MIRAI 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 Apr. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-3.36 Mil.

MIRAI (FRA:837) 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.

MIRAI's Interest Expense for the six months ended in Apr. 2024 was €-1.75 Mil. Its Operating Income for the six months ended in Apr. 2024 was €16.11 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Apr. 2024 was €486.92 Mil.

MIRAI's Interest Coverage for the quarter that ended in Apr. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Apr. 2024 )	/	Interest Expense (Q: Apr. 2024 )
	=	-1	*	16.112	/	-1.745
	=	9.23

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

MIRAI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MIRAI Corp (FRA:837) » Definitions » Interest Expense

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Traded in Other Exchanges

3476:Japan

Address

No. 2, No. 1, Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065

Website

http://www.3476.jp

MIRAI Corp is a Japanese real estate investment trust. The company invests in diversified portfolio of real estate properties including office buildings, retail properties and hotel.

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