Mitsubishi Logistics (TSE:9301) Interest Expense : 円-591 Mil (TTM As of Mar. 2024)

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What is Mitsubishi Logistics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mitsubishi Logistics's interest expense for the three months ended in Mar. 2024 was 円 -156 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was 円-591 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 Logistics's Operating Income for the three months ended in Mar. 2024 was 円 3,162 Mil. Mitsubishi Logistics's Interest Expense for the three months ended in Mar. 2024 was 円 -156 Mil. Mitsubishi Logistics's Interest Coverage for the quarter that ended in Mar. 2024 was 20.27. 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 Logistics Interest Expense Historical Data

The historical data trend for Mitsubishi Logistics'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 Logistics Interest Expense Chart

Mitsubishi Logistics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-577.00

-568.00

-577.00

-532.00

-591.00

Mitsubishi Logistics 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															-140.00	-142.00	-138.00	-155.00	-156.00

Mitsubishi Logistics 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-591 Mil.

Mitsubishi Logistics (TSE:9301) 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 Logistics's Interest Expense for the three months ended in Mar. 2024 was 円-156 Mil. Its Operating Income for the three months ended in Mar. 2024 was 円3,162 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was 円79,414 Mil.

Mitsubishi Logistics'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	*	3162	/	-156
	=	20.27

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

Mitsubishi Logistics (TSE:9301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mitsubishi Logistics Corp (TSE:9301) » Definitions » Interest Expense

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Traded in Other Exchanges

MIB:Germany

Address

19-1, Nihonbashi, Nihonbashi Dia Building, 1-chome Chuo-ku, Tokyo, JPN, 103-8630

Website

http://www.mitsubishi-logistics.co.jp

Mitsubishi Logistics Corp is a logistics and real estate investment company, domiciled in Japan. The company organizes itself into two segments: logistics and real estate. Logistics, which contributes the majority of revenue, includes warehousing; air, ocean, and rail transportation; port-terminal operations; and international freight forwarding. The real estate segment buys, sells, and lease office buildings and other commercial real estates. Mitsubishi Logistics derives the vast majority of revenue domestically.

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