ITOCHU (FRA:IOC) Interest Expense : €-638 Mil (TTM As of Mar. 2024)

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What is ITOCHU Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ITOCHU's interest expense for the three months ended in Mar. 2024 was € -157 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-638 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. ITOCHU's Operating Income for the three months ended in Mar. 2024 was € 972 Mil. ITOCHU's Interest Expense for the three months ended in Mar. 2024 was € -157 Mil. ITOCHU's Interest Coverage for the quarter that ended in Mar. 2024 was 6.19. 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.

ITOCHU Interest Expense Historical Data

The historical data trend for ITOCHU'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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ITOCHU Interest Expense Chart

ITOCHU Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-484.16

-279.88

-221.88

-467.23

-618.01

ITOCHU Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-140.23	-152.24	-161.26	-167.69	-156.90

ITOCHU 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-638 Mil.

ITOCHU (FRA:IOC) 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.

ITOCHU's Interest Expense for the three months ended in Mar. 2024 was €-157 Mil. Its Operating Income for the three months ended in Mar. 2024 was €972 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €21,150 Mil.

ITOCHU's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	971.867	/	-156.903
	=	6.19

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

ITOCHU (FRA:IOC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ITOCHU Corp (FRA:IOC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ITOCY:USA ITOCF:USA 8001:Japan IOC:Austria

Address

5-1, Kita Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8077

Website

https://www.itochu.co.jp

ITOCHU Corp is a group of businesses that engage in importing, exporting, and trading various products. The traded goods include textiles, machinery, metals, minerals, energy, chemicals, food, general products, realty, and information and communications technology. The largest segments by net profit to the group are Food and Energy and Chemicals. Food segment pursues efficiency-oriented operations from production and distribution to retail in all areas of food from raw materials to finished products both in Japan and overseas. The energy and chemicals segment trades crude oil and oil derivatives and chemicals.