Somboon Advance Technology PCL (BKK:SAT) Interest Expense : ฿-2 Mil (TTM As of Mar. 2024)

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What is Somboon Advance Technology PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Somboon Advance Technology PCL's interest expense for the three months ended in Mar. 2024 was ฿ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ฿-2 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. Somboon Advance Technology PCL's Operating Income for the three months ended in Mar. 2024 was ฿ 192 Mil. Somboon Advance Technology PCL's Interest Expense for the three months ended in Mar. 2024 was ฿ -1 Mil. Somboon Advance Technology PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 348.76. 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.

Somboon Advance Technology PCL Interest Expense Historical Data

The historical data trend for Somboon Advance Technology PCL'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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Somboon Advance Technology PCL Interest Expense Chart

Somboon Advance Technology PCL Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-10.66

-7.75

-5.79

-1.98

-1.61

Somboon Advance Technology PCL 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															-0.45	-0.40	-0.36	-0.41	-0.55

Somboon Advance Technology PCL 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 ฿-2 Mil.

Somboon Advance Technology PCL (BKK:SAT) 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.

Somboon Advance Technology PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ฿192 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ฿23 Mil.

Somboon Advance Technology PCL'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	*	192.166	/	-0.551
	=	348.76

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Somboon Advance Technology PCL has enough cash to cover all of its debt. Its financial situation is stable.

Somboon Advance Technology PCL (BKK:SAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Somboon Advance Technology PCL (BKK:SAT) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

PSQ:Germany

Address

No. 129 Moo 2, Bangna-Trad Road, Tambol Bangchalong, Amphoe Bang Phli, Samutprakarn, THA, 10540

Website

https://www.satpcl.co.th

Somboon Advance Technology PCL is a Thailand based company engaged in the manufacture and distribution of motor vehicle parts. The principal businesses of the company are the manufacture of pick-up axles and truck trunnion shafts. It manufactures parts for passenger cars, pickup trucks, trucks and agricultural machinery. Its products include axle shafts, disc brakes, drum brakes, exhaust manifolds, leaf springs, stabilizer bars, hot coil springs, and other related products. The group has two reportable segments namely, Pick-up axles and truck trunnion shafts, and Other auto parts. The majority of the revenue is generated from the Other auto parts segment.

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