Mitsubishi Gas Chemical Co (TSE:4182) Interest Expense : 円-2,564 Mil (TTM As of Dec. 2023)

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What is Mitsubishi Gas Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsubishi Gas Chemical Co's interest expense for the three months ended in Dec. 2023 was 円 -632 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-2,564 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 Gas Chemical Co's Operating Income for the three months ended in Dec. 2023 was 円 16,555 Mil. Mitsubishi Gas Chemical Co's Interest Expense for the three months ended in Dec. 2023 was 円 -632 Mil. Mitsubishi Gas Chemical Co's Interest Coverage for the quarter that ended in Dec. 2023 was 26.19. 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 Gas Chemical Co Interest Expense Historical Data

The historical data trend for Mitsubishi Gas Chemical Co'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 Gas Chemical Co Interest Expense Chart

Mitsubishi Gas Chemical Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-968.00

-800.00

-858.00

-1,745.00

-2,564.00

Mitsubishi Gas Chemical Co 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															-498.00	-589.00	-930.00	-632.00	-413.00

Mitsubishi Gas Chemical Co 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 円-2,564 Mil.

Mitsubishi Gas Chemical Co (TSE:4182) 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 Gas Chemical Co's Interest Expense for the three months ended in Dec. 2023 was 円-632 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円16,555 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円96,560 Mil.

Mitsubishi Gas Chemical Co'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	*	16555	/	-632
	=	26.19

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

Mitsubishi Gas Chemical Co (TSE:4182) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsubishi Gas Chemical Co Inc (TSE:4182) » Definitions » Interest Expense

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MUG:Germany

Address

5-2 Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-8324

Website

http://www.mgc.co.jp

Mitsubishi Gas Chemical Co Inc manufactures and sells a variety of chemicals. The company organizes itself into four primary segments based on product type. The natural gas chemicals segment, which generates the most revenue of the segments, sells methanol, ammonia, and other chemicals produced from natural gas that are used to make fertilizers, plastics, and coatings. The specialty chemicals segment sells chemicals used to produce semiconductors, liquid crystals for televisions and monitors, and resins used to make plastic products. The aromatic chemicals segment sells terephthalic acid used to produce plastic bottles. The information and advanced materials segment sells copper laminates and oxygen absorbers.

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