Mitsubishi Materials (TSE:5711) Interest Expense : 円-9,255 Mil (TTM As of Sep. 2024)

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What is Mitsubishi Materials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsubishi Materials's interest expense for the three months ended in Sep. 2024 was 円 -1,840 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was 円-9,255 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 Materials's Operating Income for the three months ended in Sep. 2024 was 円 14,771 Mil. Mitsubishi Materials's Interest Expense for the three months ended in Sep. 2024 was 円 -1,840 Mil. Mitsubishi Materials's Interest Coverage for the quarter that ended in Sep. 2024 was 8.03. 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 Materials Interest Expense Historical Data

The historical data trend for Mitsubishi Materials'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 Materials Interest Expense Chart

Mitsubishi Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-4,858.00

-4,416.00

-5,498.00

-6,014.00

-7,766.00

Mitsubishi Materials 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															-1,855.00	-2,667.00	-2,914.00	-1,840.00	-1,834.00

Mitsubishi Materials 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-9,255 Mil.

Mitsubishi Materials (TSE:5711) 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 Materials's Interest Expense for the three months ended in Sep. 2024 was 円-1,840 Mil. Its Operating Income for the three months ended in Sep. 2024 was 円14,771 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was 円372,742 Mil.

Mitsubishi Materials'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	*	14771	/	-1840
	=	8.03

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. Mitsubishi Materials Corp interest coverage is 4.34, which is low.

Mitsubishi Materials Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Mitsubishi Materials Corp (TSE:5711) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MIMTF:USA MUJ:Germany

Address

3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8117

Website

http://www.mmc.co.jp/corporate/ja/index.html

Mitsubishi Materials Corp has operations across thirty countries and multiple divisions, including cement, metals, advanced materials and tools, electronic materials and components, and aluminum. The metals division, which accounts for roughly half of group revenue, is engaged in copper mine development, smelting, and processing, along with the production and sales of precious metals. The cement business is the group's second- largest division, engaged in the production and sale of Portland cement, ready-mixed concrete, and other cement-related products. The aluminum division manufactures aluminum beverage cans, rolled aluminum products, and processed products.

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