Sincere Navigation (TPE:2605) Interest Expense : NT$-175 Mil (TTM As of Mar. 2024)

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What is Sincere Navigation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sincere Navigation's interest expense for the three months ended in Mar. 2024 was NT$ -42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-175 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. Sincere Navigation's Operating Income for the three months ended in Mar. 2024 was NT$ 325 Mil. Sincere Navigation's Interest Expense for the three months ended in Mar. 2024 was NT$ -42 Mil. Sincere Navigation's Interest Coverage for the quarter that ended in Mar. 2024 was 7.83. 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.

Sincere Navigation Interest Expense Historical Data

The historical data trend for Sincere Navigation'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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Sincere Navigation Interest Expense Chart

Sincere Navigation Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-266.55

-158.64

-103.86

-116.45

-175.47

Sincere Navigation 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															-42.26	-43.77	-46.02	-43.42	-41.57

Sincere Navigation 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$-175 Mil.

Sincere Navigation (TPE:2605) 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.

Sincere Navigation's Interest Expense for the three months ended in Mar. 2024 was NT$-42 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$325 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$277 Mil.

Sincere Navigation'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	*	325.418	/	-41.572
	=	7.83

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

Sincere Navigation (TPE:2605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sincere Navigation Corp (TPE:2605) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 368, Fuxing South Road, 14th Floor, Section 1, Daan District, Taipei, TWN, 10656

Website

https://www.snc.com.tw

Sincere Navigation Corp is a transportation and logistics company. It s engaged in bulk shipping, tug and barge services, and operating a shipping agency. The fleets operated by the company include Double Hull Handymax Bulker, Double Hull Capesize, Capesize Bulker and Kamsarmax among others.

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