Mitsubishi Research Institute (TSE:3636) Interest Expense : 円-12 Mil (TTM As of Sep. 2024)

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What is Mitsubishi Research Institute Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsubishi Research Institute's interest expense for the three months ended in Sep. 2024 was 円 -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was 円-12 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 Research Institute's Operating Income for the three months ended in Sep. 2024 was 円 1 Mil. Mitsubishi Research Institute's Interest Expense for the three months ended in Sep. 2024 was 円 -3 Mil. Mitsubishi Research Institute's Interest Coverage for the quarter that ended in Sep. 2024 was 0.33. 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 Research Institute Interest Expense Historical Data

The historical data trend for Mitsubishi Research Institute'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 Research Institute Interest Expense Chart

Mitsubishi Research Institute Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Interest Expense

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-43.00

-40.00

-34.00

-23.00

-14.00

Mitsubishi Research Institute Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-4.00	-8.00	1.00	-3.00	-2.00

Mitsubishi Research Institute 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 円-12 Mil.

Mitsubishi Research Institute (TSE:3636) 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 Research Institute's Interest Expense for the three months ended in Sep. 2024 was 円-3 Mil. Its Operating Income for the three months ended in Sep. 2024 was 円1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was 円899 Mil.

Mitsubishi Research Institute'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	*	1	/	-3
	=	0.33

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

Mitsubishi Research Institute Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Mitsubishi Research Institute Inc (TSE:3636) » Definitions » Interest Expense

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Address

10-3, Nagatacho 2-Chome Chiyoda-Ku, Tokyo, JPN, 100-8141

Website

http://www.mri.co.jp

Mitsubishi Research Institute Inc is an international research and consulting firm. The company assists its clients in developing comprehensive solutions to meet their diverse needs by integrating think-tank, consulting and IT solution services. The Think Tank and Consulting segment offers research, survey analysis, project appraisal, strategic planning, and other organizational development services. The IT Solutions segment provides IT support and consulting, software development, data processing, system machinery, core system outsourcing, and business process outsourcing services. The business activity is primarily functioned through the regions of Japan.

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