M3 (MTHRF) Interest Expense : $-5 Mil (TTM As of Mar. 2024)

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What is M3 Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. M3's interest expense for the three months ended in Mar. 2024 was $ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-5 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. M3's Operating Income for the three months ended in Mar. 2024 was $ 59 Mil. M3's Interest Expense for the three months ended in Mar. 2024 was $ -1 Mil. M3's Interest Coverage for the quarter that ended in Mar. 2024 was 64.62. 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.

M3 Interest Expense Historical Data

The historical data trend for M3'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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M3 Interest Expense Chart

M3 Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.36

-1.02

-0.44

-0.52

-2.61

M3 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															-0.17	-0.46	-0.62	-2.79	-0.91

M3 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 $-5 Mil.

M3 (OTCPK:MTHRF) 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.

M3's Interest Expense for the three months ended in Mar. 2024 was $-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was $59 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $110 Mil.

M3'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	*	58.671	/	-0.908
	=	64.62

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. M3 Inc has enough cash to cover all of its debt. Its financial situation is stable.

M3 (MTHRF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » M3 Inc (OTCPK:MTHRF) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MTHRY:USA 2413:Japan 4YC:Germany

Address

Akasaka Intercity 10th floor, 1-11-44 Akasaka, Minato-ku, Tokyo, JPN, 105-0012

Website

http://corporate.m3.com

M3, Inc. is a Japan-based company engaged in providing medical-related services through the use of the Internet. It also supports marketing of pharmaceutical companies and medical equipment manufacturers. The company's business segment includes, Medical Portal segment, Evidence Solution segment, Overseas segment, Clinical Platform segment, Sales Platform segment, and Others. The company generates the majority of its revenue from Medical Portal segment.