Mitani (TSE:8066) Interest Expense : 円-193 Mil (TTM As of Dec. 2023)

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What is Mitani Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitani's interest expense for the three months ended in Dec. 2023 was 円 -49 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was 円-193 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. Mitani's Operating Income for the three months ended in Dec. 2023 was 円 7,416 Mil. Mitani's Interest Expense for the three months ended in Dec. 2023 was 円 -49 Mil. Mitani's Interest Coverage for the quarter that ended in Dec. 2023 was 151.35. 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.

Mitani Interest Expense Historical Data

The historical data trend for Mitani'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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Mitani Interest Expense Chart

Mitani Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-98.00

-79.00

-89.00

-121.00

-193.00

Mitani 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															-36.00	-39.00	-51.00	-49.00	-54.00

Mitani 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-193 Mil.

Mitani (TSE:8066) 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.

Mitani's Interest Expense for the three months ended in Dec. 2023 was 円-49 Mil. Its Operating Income for the three months ended in Dec. 2023 was 円7,416 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was 円2,081 Mil.

Mitani'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	*	7416	/	-49
	=	151.35

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. Mitani Corp has enough cash to cover all of its debt. Its financial situation is stable.

Mitani (TSE:8066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitani Corp (TSE:8066) » Definitions » Interest Expense

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Address

1-6-5 Marunouchi, Tokyo Marunouchi North Exit Building, 2 Floor, Chiyoda-ku, Tokyo, JPN

Website

http://www.mitani-corp.co.jp

Mitani Corp is in the businesses of Information systems, Construction, Energy and other businesses. The firm's information systems business comprises of system integration focusing on planning, developing, managing and supporting computer systems, networks, and software as well as the sale of related devices. Construction business develops, sells and manages construction materials. Its energy business sells oil, petrochemical products, coal and liquid petroleum gas. Other businesses of the firm include wind power, industrial equipment, storage facilities, lease services, restaurant management and senior lifestyle businesses.

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