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Rakuten Group (WBO:RAK) Interest Expense : €-701 Mil (TTM As of Mar. 2024)


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What is Rakuten Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rakuten Group's interest expense for the three months ended in Mar. 2024 was € -273 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was €-701 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. Rakuten Group's Operating Income for the three months ended in Mar. 2024 was € -204 Mil. Rakuten Group's Interest Expense for the three months ended in Mar. 2024 was € -273 Mil. Rakuten Group did not have earnings to cover the interest expense. 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.

Rakuten Group Interest Expense Historical Data

The historical data trend for Rakuten Group'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.

* Premium members only.

Rakuten Group Interest Expense Chart

Rakuten Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -74.47 -630.44 -300.42 -1,097.72 -411.24

Rakuten Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -139.98 -173.90 -211.01 -43.03 -272.81

Rakuten Group 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 €-701 Mil.

* 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.

Rakuten Group  (WBO:RAK) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Rakuten Group's Interest Expense for the three months ended in Mar. 2024 was €-273 Mil. Its Operating Income for the three months ended in Mar. 2024 was €-204 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was €31,304 Mil.

Rakuten Group's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Rakuten Group did not have earnings to cover the interest expense.

* 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.

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

Rakuten Group (WBO:RAK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rakuten Group Inc (WBO:RAK) » Definitions » Interest Expense
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Traded in Other Exchanges
RKUNY:USA RKUNF:USA 4755:Japan RAK:Germany
Address
4-12-3 Higashishinagawa, Shinagawa Seaside Rakuten Tower, Shinagawa-ku, Tokyo, JPN, 140-0002
Website
https://www.rakuten.co.jp
Rakuten is a leading e-commerce and fintech service provider in Japan. It has built up a comprehensive Rakuten ecosystem in Japan, including Rakuten Ichiba for e-commerce, Rakuten Travel, Rakuten Card, Rakuten Bank, Rakuten Securities, and decided to become the fourth mobile network operator in Japan, started its full service in April 2020. Mergers and acquisitions in internet and e-finance businesses have driven growth. The loyalty programme, Rakuten Super Points, has encouraged cross-use of services in its ecosystem. About 80% of its revenue is generated from the Japanese market.

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