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Hotai Motor Co (TPE:2207) Interest Expense : NT$-6,120 Mil (TTM As of Mar. 2024)


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What is Hotai Motor Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hotai Motor Co's interest expense for the three months ended in Mar. 2024 was NT$ -1,639 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-6,120 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. Hotai Motor Co's Operating Income for the three months ended in Mar. 2024 was NT$ 4,152 Mil. Hotai Motor Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -1,639 Mil. Hotai Motor Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.53. 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.

Hotai Motor Co Interest Expense Historical Data

The historical data trend for Hotai Motor 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.

Hotai Motor Co Interest Expense Chart

Hotai Motor 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 - -1,861.98 -1,930.04 -3,195.35 -5,741.11

Hotai Motor 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 -1,259.98 -1,386.76 -1,520.42 -1,573.95 -1,638.92

Hotai Motor 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$-6,120 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.

Hotai Motor Co  (TPE:2207) 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.

Hotai Motor Co's Interest Expense for the three months ended in Mar. 2024 was NT$-1,639 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$4,152 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$13,233 Mil.

Hotai Motor 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*4152.493/-1638.92
=2.53

* 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. Hotai Motor Co Ltd interest coverage is 2.49, which is low.

Hotai Motor Co (TPE:2207) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hotai Motor Co Ltd (TPE:2207) » Definitions » Interest Expense
Comparable Companies
TPE:2247 PAG KMX XBRU:DIE LAD AN HKSE:00881 TSE:4732 ABG GPI LSE:INCH CVNA RUSHA SHSE:600297 ASX:APE ACVA CARG DRVN IST:DOAS SAH
Traded in Other Exchanges
N/A
Address
No. 121 Sung Chiang Road, 8th-14th Floor, Taipei, TWN
Website
https://www.hotaimotor.com.tw
Hotai Motor Co Ltd is an automobile distribution company domiciled in Taiwan. The company distributes new and used passenger vehicles under the Toyota and Lexus brands; commercial vehicles, including trucks, under the Toyota and HINO brands; and Toyota industrial equipment. It earns more than half its sales from HINO- and Toyota-branded products. In addition to vehicle sales, Hotai Motor provides leasing and financing services, insurance, vehicle accessories, and vehicle servicing. Its segments include the Distributor of Toyota and Hino products segments, Installment trading, Leasing, Property insurance, overseas sales agent and other segments. It has operations across both Taiwan and mainland China, with the vast majority of revenue derived domestically.

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