Mercari (TSE:4385) Interest Expense : 円-194 Mil (TTM As of Mar. 2024)

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What is Mercari Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mercari's interest expense for the three months ended in Mar. 2024 was 円 -142 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-194 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. Mercari's Operating Income for the three months ended in Mar. 2024 was 円 5,276 Mil. Mercari's Interest Expense for the three months ended in Mar. 2024 was 円 -142 Mil. Mercari's Interest Coverage for the quarter that ended in Mar. 2024 was 37.15. 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.

Mercari Interest Expense Historical Data

The historical data trend for Mercari'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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Mercari Interest Expense Chart

Mercari Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-78.00

-248.00

-232.00

-129.00

-182.00

Mercari 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															-134.00	180.00	-117.00	-115.00	-142.00

Mercari 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-194 Mil.

Mercari (TSE:4385) 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.

Mercari's Interest Expense for the three months ended in Mar. 2024 was 円-142 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円5,276 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円137,143 Mil.

Mercari'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	*	5276	/	-142
	=	37.15

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

Mercari (TSE:4385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mercari Inc (TSE:4385) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MCARY:USA 6TP:Germany

Address

6 - 10 - 1 Roppongi, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN, 106-6118

Website

https://www.mercari.com

Mercari operates the largest C2C secondhand goods trading platform in Japan in Mercari, with over 22 million MAU and over JPY 893 billion gross merchandise value in fiscal year 2022. We estimate that it currently has over 70% market share in the C2C marketplace app market, making it the top platform in Japan. It operates a domestic fintech business and a C2C marketplace app business in the U.S. as well. Domestic business roughly accounts for over 95% of its total GMV.

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