Mitsui High-tec (TSE:6966) Interest Expense : 円-172 Mil (TTM As of Jan. 2024)

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What is Mitsui High-tec Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsui High-tec's interest expense for the three months ended in Jan. 2024 was 円 -46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was 円-172 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. Mitsui High-tec's Operating Income for the three months ended in Jan. 2024 was 円 5,043 Mil. Mitsui High-tec's Interest Expense for the three months ended in Jan. 2024 was 円 -46 Mil. Mitsui High-tec's Interest Coverage for the quarter that ended in Jan. 2024 was 109.63. 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.

Mitsui High-tec Interest Expense Historical Data

The historical data trend for Mitsui High-tec'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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Mitsui High-tec Interest Expense Chart

Mitsui High-tec Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-89.00

-100.00

-123.00

-133.00

-172.00

Mitsui High-tec Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-35.00	-39.00	-42.00	-45.00	-46.00

Mitsui High-tec 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-172 Mil.

Mitsui High-tec (TSE:6966) 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.

Mitsui High-tec's Interest Expense for the three months ended in Jan. 2024 was 円-46 Mil. Its Operating Income for the three months ended in Jan. 2024 was 円5,043 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was 円48,871 Mil.

Mitsui High-tec's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	5043	/	-46
	=	109.63

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

Mitsui High-tec (TSE:6966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Mitsui High-tec Inc (TSE:6966) » Definitions » Interest Expense

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Traded in Other Exchanges

6966:Japan

Address

2-10-1,Komine, Yahatanishi-ku, Kitakyushu, JPN, 807-8588

Website

http://www.mitsui-high-tec.com

Mitsui High-tec Inc manufactures and sells lead frame, motor core, precision tooling and machine tools in Japan. Its precision tooling/precision parts products include motor core dies, lead frame dies, mold dies, trim and form dies, and other type of stamping tools used in motor cores and IC lead frames, electric motor cores, automobile components, coins, and resin injection molding. It also provides open lead frames for semiconductor packages; and motor parts.

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