FENG HSIN STEEL CO (TPE:2015) Interest Expense : NT$-46 Mil (TTM As of Mar. 2024)

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What is FENG HSIN STEEL CO Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FENG HSIN STEEL CO's interest expense for the three months ended in Mar. 2024 was NT$ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-46 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. FENG HSIN STEEL CO's Operating Income for the three months ended in Mar. 2024 was NT$ 694 Mil. FENG HSIN STEEL CO's Interest Expense for the three months ended in Mar. 2024 was NT$ -10 Mil. FENG HSIN STEEL CO's Interest Coverage for the quarter that ended in Mar. 2024 was 71.15. 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.

FENG HSIN STEEL CO Interest Expense Historical Data

The historical data trend for FENG HSIN STEEL CO'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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FENG HSIN STEEL CO Interest Expense Chart

FENG HSIN STEEL CO Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-13.53

-5.92

-7.92

-20.33

-40.81

FENG HSIN STEEL CO 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															-4.58	-12.05	-13.01	-11.17	-9.75

FENG HSIN STEEL CO 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$-46 Mil.

FENG HSIN STEEL CO (TPE:2015) 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.

FENG HSIN STEEL CO's Interest Expense for the three months ended in Mar. 2024 was NT$-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$694 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$363 Mil.

FENG HSIN STEEL CO'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	*	693.545	/	-9.747
	=	71.15

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

FENG HSIN STEEL CO (TPE:2015) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » FENG HSIN STEEL CO LTD (TPE:2015) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 998, Jiahou Road, Section 1, Houli district, Taichung, TWN, 421

Website

https://www.fenghsin.com.tw

FENG HSIN STEEL CO LTD is a company that is primarily engaged in the manufacturing and processing of angle irons, steel channels, flat structural frames, and shafts. These products are used in a wide range of applications, including bridge-building, structural uses for power transmission towers, assembling frames for machinery, shipbuilding, oil storage containers, mechanical constructions, woodworking machinery, lock components, machine parts, hand tools, piping components, auto-transmission parts, civil construction, and tunnel construction. The company generates most of its revenue from the Taiwan market.

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