Mitsubishi Logisnext Co (TSE:7105) Interest Expense : 円-6,884 Mil (TTM As of Mar. 2024)

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What is Mitsubishi Logisnext Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsubishi Logisnext Co's interest expense for the three months ended in Mar. 2024 was 円 -2,277 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-6,884 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 Logisnext Co's Operating Income for the three months ended in Mar. 2024 was 円 6,630 Mil. Mitsubishi Logisnext Co's Interest Expense for the three months ended in Mar. 2024 was 円 -2,277 Mil. Mitsubishi Logisnext Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.91. 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 Logisnext Co Interest Expense Historical Data

The historical data trend for Mitsubishi Logisnext 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 Logisnext Co Interest Expense Chart

Mitsubishi Logisnext Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1,737.00

-1,423.00

-1,485.00

-3,873.00

-6,884.00

Mitsubishi Logisnext 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															-1,561.00	-1,353.00	-1,523.00	-1,731.00	-2,277.00

Mitsubishi Logisnext 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-6,884 Mil.

Mitsubishi Logisnext Co (TSE:7105) 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 Logisnext Co's Interest Expense for the three months ended in Mar. 2024 was 円-2,277 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円6,630 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円178,682 Mil.

Mitsubishi Logisnext Co'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	*	6630	/	-2277
	=	2.91

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

Mitsubishi Logisnext Co (TSE:7105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Mitsubishi Logisnext Co Ltd (TSE:7105) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

2-1-1 Higashikotari, Nagaokakyo-shi, Kyoto, JPN, 617-8585

Website

http://www.logisnext.com

Mitsubishi Logisnext Co Ltd is the manufacturer of material handling equipment. Principally, it is engaged in the development, design, manufacture, and sale of electric and engine-powered forklifts, transportation robots, automated warehouses, local area network and other logistics equipment and systems, electric vehicles, and monorails. The company offers trucks, electric counterbalanced trucks, low lifters, loaders, order pickers, multi-directional trucks, lateral stacking trucks, stackers, power pallet trucks, and towing tractors.

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