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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Iron Mountain's interest expense for the three months ended in Jun. 2024 was $ -177 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-662 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. Iron Mountain's Operating Income for the three months ended in Jun. 2024 was $ 289 Mil. Iron Mountain's Interest Expense for the three months ended in Jun. 2024 was $ -177 Mil. Iron Mountain's Interest Coverage for the quarter that ended in Jun. 2024 was 1.64. 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.
The historical data trend for Iron Mountain'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.
Iron Mountain Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -425.86 | -426.85 | -425.30 | -496.29 | -598.40 |
Iron Mountain Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Interest Expense | Get a 7-Day Free Trial | -146.47 | -152.80 | -164.26 | -168.18 | -176.52 |
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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-662 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.
Iron Mountain (NYSE:IRM) 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.
Iron Mountain's Interest Expense for the three months ended in Jun. 2024 was $-177 Mil. Its Operating Income for the three months ended in Jun. 2024 was $289 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $15,268 Mil.
Iron Mountain's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Jun. 2024 ) | / | Interest Expense (Q: Jun. 2024 ) |
= | -1 | * | 289.099 | / | -176.521 | |
= | 1.64 |
* 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.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Iron Mountain Inc interest coverage is 1.77, which is low.
William L Meaney | director, officer: President and CEO | C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110 |
Wendy J. Murdock | director | 1210 AVIDXCHANGE LANE, CHARLOTTE NC 28206 |
Deborah Marson | officer: EVP, General Counsel, Sec. | C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110 |
Edward Baker-greene | officer: EVP, CHRO | 601 MERRITT 7, NORWALK CT 06851 |
John Tomovcsik | officer: EVP, G. Mgr., Rec. & Inf. Mgmt | C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110 |
Barry Hytinen | officer: EVP & CFO | 1000 TEMPUR WAY, LEXINGTON KY 40502 |
Daniel Borges | officer: VP & Chief Accounting Officer | C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110 |
Greg W Mcintosh | officer: EVP, Strategic Accounts | C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110 |
Walter C Rakowich | director | 14100 E 35TH PL, AURORA CO 80011 |
Mark Kidd | officer: SVP, GM Data Centers | C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110 |
Robin Matlock | director | C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110 |
Wing Cheung Hwang | officer: EVP&GM, Data Centers | C/O IRON MOUNTAIN INC., 85 NEW HAMPSHIRE AVE, SUITE 150, PORTSMOUTH NH 03801 |
Samuels Theodore R. Ii | director | 1990 E. GRAND AVE., EL SEGUNDO CA 90245 |
Jennifer Allerton | director | C/O IRON MOUNTAIN INCORPORATED, ONE FEDERAL STREET, BOSTON MA 02110 |
Deirdre Evens | officer: EVP and Chief of Operations | 10 STILLMEADOW WAY, FRAMINGHAM MA 01702 |
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