Sumitomo Electric Industries (FRA:SMO) Interest Expense : €-186 Mil (TTM As of Dec. 2023)

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What is Sumitomo Electric Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumitomo Electric Industries's interest expense for the three months ended in Dec. 2023 was € -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was €-186 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 Electric Industries's Operating Income for the three months ended in Dec. 2023 was € 516 Mil. Sumitomo Electric Industries's Interest Expense for the three months ended in Dec. 2023 was € -47 Mil. Sumitomo Electric Industries's Interest Coverage for the quarter that ended in Dec. 2023 was 10.90. 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 Electric Industries Interest Expense Historical Data

The historical data trend for Sumitomo Electric Industries'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 Electric Industries Interest Expense Chart

Sumitomo Electric Industries Annual Data

Trend

Mar15

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Mar17

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Mar20

Mar21

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Mar23

Mar24

Interest Expense

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-62.49

-41.76

-42.57

-112.55

-180.05

Sumitomo Electric Industries 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															-40.72	-43.62	-45.76	-47.32	-49.07

Sumitomo Electric Industries 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 €-186 Mil.

Sumitomo Electric Industries (FRA:SMO) 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.

Sumitomo Electric Industries's Interest Expense for the three months ended in Dec. 2023 was €-47 Mil. Its Operating Income for the three months ended in Dec. 2023 was €516 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was €2,228 Mil.

Sumitomo Electric Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	515.898	/	-47.321
	=	10.90

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

Sumitomo Electric Industries (FRA:SMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sumitomo Electric Industries Ltd (FRA:SMO) » Definitions » Interest Expense

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Traded in Other Exchanges

SMTOY:USA 5802:Japan SMO:Germany

Address

4-5-33, Kitahama, Chuo-ku, Osaka, JPN, 541-0041

Website

http://www.sei.co.jp

Sumitomo Electric Industries Ltd manufactures and sells electric wires and cables, and other products. The company is engaged in diversified business activities supporting people's daily lives and industry through five business segments: Automotive, Infocommunications, Electronics, Environment and Energy, and Industrial Materials and Others. The Automobile-related segment offers wire harnesses, rubber cushions, hoses for automobiles, automobile electrical parts and others. Sumitomo's Information Communications-related segment offers fiber-optic cables, electrical cables and equipment for communications use, optical communications-related parts and others. It derives most of the revenue from Japan.

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