TMP Steel (ROCO:6248) Interest Expense : NT$-14 Mil (TTM As of Mar. 2024)

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What is TMP Steel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TMP Steel's interest expense for the three months ended in Mar. 2024 was NT$ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-14 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. TMP Steel's Operating Income for the three months ended in Mar. 2024 was NT$ 60 Mil. TMP Steel's Interest Expense for the three months ended in Mar. 2024 was NT$ -4 Mil. TMP Steel's Interest Coverage for the quarter that ended in Mar. 2024 was 15.36. 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.

TMP Steel Interest Expense Historical Data

The historical data trend for TMP Steel'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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TMP Steel Interest Expense Chart

TMP Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-3.49

-9.63

-11.85

-12.84

-12.65

TMP Steel 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															-3.01	-3.19	-3.08	-3.37	-3.94

TMP Steel 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 NT$-14 Mil.

TMP Steel (ROCO:6248) 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.

TMP Steel's Interest Expense for the three months ended in Mar. 2024 was NT$-4 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$60 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$362 Mil.

TMP Steel'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	*	60.426	/	-3.935
	=	15.36

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

TMP Steel (ROCO:6248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » TMP Steel Corp (ROCO:6248) » Definitions » Interest Expense

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Address

No. 3, Jingjian 11th Road, Lukang Township, Changhua, TWN, 505029

Website

https://www.tmpco.com.tw

TMP Steel Corp is a Taiwan-based company engaged in offering steel products. It is engaged in the wholesale of hardware and building materials and the manufacture and sale of its components. The company provides steel bars and reinforcement processing solutions to customers.

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