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Hsin Kuang Steel Co (TPE:2031) Interest Expense : NT$-374 Mil (TTM As of Mar. 2024)


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What is Hsin Kuang Steel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hsin Kuang Steel Co's interest expense for the three months ended in Mar. 2024 was NT$ -84 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-374 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. Hsin Kuang Steel Co's Operating Income for the three months ended in Mar. 2024 was NT$ 177 Mil. Hsin Kuang Steel Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -84 Mil. Hsin Kuang Steel Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.12. 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.

Hsin Kuang Steel Co Interest Expense Historical Data

The historical data trend for Hsin Kuang 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.

* Premium members only.

Hsin Kuang Steel Co Interest Expense Chart

Hsin Kuang Steel Co 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 -167.48 -126.91 -112.18 -220.09 -383.29

Hsin Kuang 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 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 -93.18 -98.43 -101.18 -90.50 -83.76

Hsin Kuang 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$-374 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.

Hsin Kuang Steel Co  (TPE:2031) 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.

Hsin Kuang Steel Co's Interest Expense for the three months ended in Mar. 2024 was NT$-84 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$177 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$5,639 Mil.

Hsin Kuang 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*177.499/-83.755
=2.12

* 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. Hsin Kuang Steel Co Ltd interest coverage is 1.8, which is low.

Hsin Kuang Steel Co (TPE:2031) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hsin Kuang Steel Co Ltd (TPE:2031) » Definitions » Interest Expense
Comparable Companies
ROCO:9957 TPE:2034 ROCO:2035 TPE:2010 TPE:2013 TPE:2029 TPE:2028 ROCO:5009 TPE:2020 TPE:5538 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF
Traded in Other Exchanges
N/A
Address
25th Floor, 97 Chongming Road, Section 4, Sanchong District, New Taipei City, TWN
Website
https://www.hkssteel.com.tw
Hsin Kuang Steel Co Ltd manufactures and sells steel products. The business activities of the group include cutting, stamping, and sale of steel products, including steel coils, steel plates, stainless steel, alloy steel and special steel. Geographically, the business activities are carried out across Taiwan.

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