Iron Mountain (STU:I5M) Interest Expense : €-582 Mil (TTM As of Mar. 2024)

View and export this data going back to 2012. Start your Free Trial

What is Iron Mountain Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iron Mountain's interest expense for the three months ended in Mar. 2024 was € -155 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-582 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. Iron Mountain's Operating Income for the three months ended in Mar. 2024 was € 271 Mil. Iron Mountain's Interest Expense for the three months ended in Mar. 2024 was € -155 Mil. Iron Mountain's Interest Coverage for the quarter that ended in Mar. 2024 was 1.75. 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.

Iron Mountain Interest Expense Historical Data

The historical data trend for Iron Mountain'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.

Iron Mountain Interest Expense Chart

Iron Mountain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-383.27

-350.87

-376.39

-468.50

-548.74

Iron Mountain 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															-130.83	-133.08	-143.18	-150.62	-154.73

Iron Mountain 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 €-582 Mil.

Iron Mountain (STU:I5M) 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.

Iron Mountain's Interest Expense for the three months ended in Mar. 2024 was €-155 Mil. Its Operating Income for the three months ended in Mar. 2024 was €271 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €13,905 Mil.

Iron Mountain'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	*	271.021	/	-154.725
	=	1.75

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. Iron Mountain Inc interest coverage is 1.81, which is low.

Iron Mountain (STU:I5M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Iron Mountain Inc (STU:I5M) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

IRM:USA I1RM34:Brazil

Address

85 New Hampshire Avenue, Suite 150, Portsmouth, NH, USA, 03801

Website

https://www.ironmountain.com

Iron Mountain Inc is a record management services provider. The firm is organized as a REIT. Most of its revenue comes from its storage business, with the rest coming from value-added services. The firm primarily caters to enterprise clients in developed markets. Its business segments include Global RIM Business; Global Data Center Business; and Corporate and Other Business.

Iron Mountain (STU:I5M) Headlines

No Headlines