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Sumitomo (FRA:SUMA) Interest Expense : €-562 Mil (TTM As of Sep. 2024)


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What is Sumitomo Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumitomo's interest expense for the three months ended in Sep. 2024 was € -149 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was €-562 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's Operating Income for the three months ended in Sep. 2024 was € 559 Mil. Sumitomo's Interest Expense for the three months ended in Sep. 2024 was € -149 Mil. Sumitomo's Interest Coverage for the quarter that ended in Sep. 2024 was 3.75. 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.

Sumitomo Interest Expense Historical Data

The historical data trend for Sumitomo'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.

Sumitomo Interest Expense Chart

Sumitomo Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -388.26 -237.08 -231.21 -417.80 -542.40

Sumitomo 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 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 -146.29 -141.70 -139.99 -131.84 -148.88

Sumitomo 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €-562 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.

Sumitomo  (FRA:SUMA) 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.

Sumitomo's Interest Expense for the three months ended in Sep. 2024 was €-149 Mil. Its Operating Income for the three months ended in Sep. 2024 was €559 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was €18,700 Mil.

Sumitomo's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*558.693/-148.883
=3.75

* 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. Sumitomo Corp interest coverage is 4.13, which is low.

Sumitomo Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sumitomo Corp (FRA:SUMA) » Definitions » Interest Expense
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Traded in Other Exchanges
SSUMY:USA SSUMF:USA 8053:Japan SUMA:Germany
Address
3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, JPN, 100-8601
Website
http://www.sumitomocorp.co.jp
Sumitomo Corp is a Japanese conglomerate that operates various business units: metal products; transportation and construction systems; environment and infrastructure; media, ICT, and lifestyle-related goods and services; and mineral resources, energy, chemical, and electronics. The businesses develop, manufacture, distribute, and service steel sheets, steel tubular products, nonferrous metal products, ship and aerospace equipment, railway cars, automobiles, construction equipment, lifestyle and food retail goods, materials and supplies, mineral resources, energy, electronics, and life sciences. The group also offers services in infrastructure projects, real estate construction, and general construction and development projects.

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