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MITUY (Mitsui Chemicals) Interest Expense : $-133 Mil (TTM As of Sep. 2024)


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What is Mitsui Chemicals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsui Chemicals's interest expense for the three months ended in Sep. 2024 was $ -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-133 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. Mitsui Chemicals's Operating Income for the three months ended in Sep. 2024 was $ 104 Mil. Mitsui Chemicals's Interest Expense for the three months ended in Sep. 2024 was $ -34 Mil. Mitsui Chemicals's Interest Coverage for the quarter that ended in Sep. 2024 was 3.03. 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.

Mitsui Chemicals Interest Expense Historical Data

The historical data trend for Mitsui Chemicals'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.

Mitsui Chemicals Interest Expense Chart

Mitsui Chemicals 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 -84.99 -74.78 -102.98 -130.16 -97.87

Mitsui Chemicals 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 -19.35 -27.68 -44.81 -26.13 -34.35

Mitsui Chemicals 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 $-133 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.

Mitsui Chemicals  (OTCPK:MITUY) 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.

Mitsui Chemicals's Interest Expense for the three months ended in Sep. 2024 was $-34 Mil. Its Operating Income for the three months ended in Sep. 2024 was $104 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $3,132 Mil.

Mitsui Chemicals'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*103.929/-34.347
=3.03

* 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. Mitsui Chemicals Inc interest coverage is 3.78, which is low.

Mitsui Chemicals Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsui Chemicals Inc (OTCPK:MITUY) » Definitions » Interest Expense
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Traded in Other Exchanges
MITUF:USA 4183:Japan MSI:Germany
Address
1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, JPN, 105-7122
Website
http://group.mitsuichemicals.com
Mitsui Chemicals Inc manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm organizes itself into five segments based on the product type. The basic materials segment, which generates more revenue than any other segment, sells petrochemicals, industrial chemicals, phenols, and polyesters. The mobility segment sells elastomers, performance compounds, and performance polymers to the automotive industry. The other three segments are healthcare, food and packaging, and others. The majority of revenue comes from Asia.

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