MISUMI Group (FRA:MS3) Interest Expense : €-1 Mil (TTM As of Jun. 2024)

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What is MISUMI Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MISUMI Group's interest expense for the three months ended in Jun. 2024 was € -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was €-1 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. MISUMI Group's Operating Income for the three months ended in Jun. 2024 was € 70 Mil. MISUMI Group's Interest Expense for the three months ended in Jun. 2024 was € -0 Mil. MISUMI Group's Interest Coverage for the quarter that ended in Jun. 2024 was 310.75. 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.

MISUMI Group Interest Expense Historical Data

The historical data trend for MISUMI 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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MISUMI Group Interest Expense Chart

MISUMI Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.66

-0.52

-0.76

-1.12

-0.90

MISUMI Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.22	-0.20	-0.25	-0.22	-0.27

MISUMI 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-1 Mil.

MISUMI Group (FRA:MS3) 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.

MISUMI Group's Interest Expense for the three months ended in Jun. 2024 was €-0 Mil. Its Operating Income for the three months ended in Jun. 2024 was €70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was €0 Mil.

MISUMI Group's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	69.607	/	-0.224
	=	310.75

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. MISUMI Group Inc has enough cash to cover all of its debt. Its financial situation is stable.

MISUMI Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MISUMI Group Inc (FRA:MS3) » Definitions » Interest Expense

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MSSMY:USA MSUXF:USA 9962:Japan

Address

Koraku 2-chome, Bunkyo-ku, Iidabashi First Buiding, 5-1, TOKYO, Japan, JPN, 112-8583

Website

http://www.misumi.co.jp

MISUMI Group Inc is a Japanese manufacturer of components and parts used in automation processes. The group's three main businesses offer standardised components for automated equipment used in factory automation, die and mold parts used in the production of automobiles and electronic devices, and third-party branded products. The products include shafts, set collars, springs, gears, actuators, optical measurement devices, connectors, switches, cables, transformers, bores, wires, calipers, diamond cutting tools, punches, button dies, retainers, ejector pins, and taper pins.

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