Mitachi Co (TSE:3321) Interest Expense : 円-81 Mil (TTM As of Feb. 2024)

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What is Mitachi Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitachi Co's interest expense for the three months ended in Feb. 2024 was 円 -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was 円-81 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. Mitachi Co's Operating Income for the three months ended in Feb. 2024 was 円 355 Mil. Mitachi Co's Interest Expense for the three months ended in Feb. 2024 was 円 -22 Mil. Mitachi Co's Interest Coverage for the quarter that ended in Feb. 2024 was 16.34. 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.

Mitachi Co Interest Expense Historical Data

The historical data trend for Mitachi 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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Mitachi Co Interest Expense Chart

Mitachi Co Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Interest Expense

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-46.39

-37.56

-20.09

-20.00

-71.20

Mitachi Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense	Get a 7-Day Free Trial															-22.30	-18.54	-20.06	-20.81	-21.75

Mitachi 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-81 Mil.

Mitachi Co (TSE:3321) 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.

Mitachi Co's Interest Expense for the three months ended in Feb. 2024 was 円-22 Mil. Its Operating Income for the three months ended in Feb. 2024 was 円355 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was 円273 Mil.

Mitachi Co's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	355.271	/	-21.745
	=	16.34

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

Mitachi Co (TSE:3321) Business Description

Industry

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3321:Japan

Address

2-11-28, Iseyama, Naka-ku,, Nagoya-shi, Aichi, JPN, 460-0026

Website

http://www.mitachi.co.jp

Mitachi Co Ltd is engaged in the sale of electronics devices such as semiconductor, LCD, as well as electronics components, and motors for various electronics industries such as car electronics, amusement, industrial equipment, consumer equipment, communication equipment, and so on. It offers various products such as universal integrated circuits (ICs), diodes, transistors, optical semiconductors and system large-scale integration (LSI); liquid crystal products, such as liquid crystal modules; electronic components, including resistors, condensers, switches and electronic printed boards.

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