Mitsubishi Chemical Group (Mitsubishi Chemical Group) Interest Expense : $-342 Mil (TTM As of Dec. 2023)

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What is Mitsubishi Chemical Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsubishi Chemical Group's interest expense for the three months ended in Dec. 2023 was $ -107 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-342 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. Mitsubishi Chemical Group's Operating Income for the three months ended in Dec. 2023 was $ 496 Mil. Mitsubishi Chemical Group's Interest Expense for the three months ended in Dec. 2023 was $ -107 Mil. Mitsubishi Chemical Group's Interest Coverage for the quarter that ended in Dec. 2023 was 4.63. 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.

Mitsubishi Chemical Group Interest Expense Historical Data

The historical data trend for Mitsubishi Chemical 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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Mitsubishi Chemical Group Interest Expense Chart

Mitsubishi Chemical Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-181.13

-273.88

-210.32

-187.15

-234.84

Mitsubishi Chemical Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-110.93	-74.38	-80.24	-80.40	-107.22

Mitsubishi Chemical 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-342 Mil.

Mitsubishi Chemical Group (OTCPK:MTLHF) 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.

Mitsubishi Chemical Group's Interest Expense for the three months ended in Dec. 2023 was $-107 Mil. Its Operating Income for the three months ended in Dec. 2023 was $496 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $11,313 Mil.

Mitsubishi Chemical Group'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	*	495.883	/	-107.215
	=	4.63

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

Mitsubishi Chemical Group (Mitsubishi Chemical Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Chemical Group Corp (OTCPK:MTLHF) » Definitions » Interest Expense

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Traded in Other Exchanges

MTLHY:USA 4188:Japan M3C:Germany

Address

1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8251

Website

https://www.mcgc.com

Mitsubishi Chemical Group Corp is a holdings company, which manufactures and sells chemicals, plastics, and pharmaceuticals. It organizes itself into three segments based on product. The Industrial Materials segment, which generates the majority of revenue, sells chemicals and polymers, including industrial gases, petrochemicals, thermoplastics, polyethylene, and polypropylene. The Performance Products segment sells electronics and designed materials, including LED lighting and equipment, specialty chemicals, polyester and industrial films, and fibers. The Health Care segment sells pharmaceuticals to treat autoimmune diseases, diabetes and kidney diseases, central nervous system treatments, and vaccines. The majority of revenue comes from Japan.

Mitsubishi Chemical Group (Mitsubishi Chemical Group) Headlines

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