Sumitomo Heavy Industries (STU:SSM1) Interest Expense : €-18 Mil (TTM As of Mar. 2024)

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What is Sumitomo Heavy Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumitomo Heavy Industries's interest expense for the three months ended in Mar. 2024 was € -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-18 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. Sumitomo Heavy Industries's Operating Income for the three months ended in Mar. 2024 was € 113 Mil. Sumitomo Heavy Industries's Interest Expense for the three months ended in Mar. 2024 was € -5 Mil. Sumitomo Heavy Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 22.00. 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.

Sumitomo Heavy Industries Interest Expense Historical Data

The historical data trend for Sumitomo Heavy Industries'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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Sumitomo Heavy Industries Interest Expense Chart

Sumitomo Heavy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Dec23

Interest Expense

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-8.62

-9.95

-7.37

-5.73

-15.84

Sumitomo Heavy Industries 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															-3.19	-3.95	-4.35	-4.71	-5.15

Sumitomo Heavy Industries 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 €-18 Mil.

Sumitomo Heavy Industries (STU:SSM1) 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.

Sumitomo Heavy Industries's Interest Expense for the three months ended in Mar. 2024 was €-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was €113 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €485 Mil.

Sumitomo Heavy Industries'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	*	113.199	/	-5.146
	=	22.00

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

Sumitomo Heavy Industries (STU:SSM1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sumitomo Heavy Industries Ltd (STU:SSM1) » Definitions » Interest Expense

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SOHVY:USA 6302:Japan

Address

ThinkPark Tower, 1-1 Osaki 2-chome, Shinagawa-ku, Tokyo, JPN, 141-6025

Website

http://www.shi.co.jp

Sumitomo Heavy Industries Ltd develops and manufactures a range of industrial machinery, from gearboxes to ships and large-scale plants. It offers power transmission and control systems, molding machinery, mobile cranes, turbines, and other industrial systems to optimize production. The company has six operating segments: machinery components, precision machinery, construction machinery, industrial machinery, ships, and environmental facilities and plants. Its segments collaborate, utilize research and development, and look for synergies to create new technologies or build on existing components. Japan accounts for approximately half of total revenue, with the remainder split between the United States, China, and other areas.

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