MITAC Holdings (TPE:3706) Interest Expense : NT$-80 Mil (TTM As of Mar. 2024)

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What is MITAC Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MITAC Holdings's interest expense for the three months ended in Mar. 2024 was NT$ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-80 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. MITAC Holdings's Operating Income for the three months ended in Mar. 2024 was NT$ 55 Mil. MITAC Holdings's Interest Expense for the three months ended in Mar. 2024 was NT$ -9 Mil. MITAC Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 6.22. 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.

MITAC Holdings Interest Expense Historical Data

The historical data trend for MITAC Holdings'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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MITAC Holdings Interest Expense Chart

MITAC Holdings Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-55.91

-46.48

-23.72

-107.72

-121.44

MITAC Holdings 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															-50.74	-44.36	-17.23	-9.11	-8.85

MITAC Holdings 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$-80 Mil.

MITAC Holdings (TPE:3706) 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.

MITAC Holdings's Interest Expense for the three months ended in Mar. 2024 was NT$-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$661 Mil.

MITAC Holdings'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	*	55.062	/	-8.853
	=	6.22

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

MITAC Holdings (TPE:3706) Business Description

Industry

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Address

No. 202, Wenhua 2nd Road, Guishan District, Taoyuan, TWN, 33383

Website

https://www.mitac.com

MITAC Holdings Corp is a holding company whose subsidiaries offer a range of electronics manufacturing services. It is engaged in designing, manufacturing, and distributing servers and storage products across various architectures in public cloud, private cloud, and hybrid cloud environments. The smart mobile device and cloud service business group build application ecosystems that bridge cloud service and smart mobile devices. It serves industries such as finance, technology, retail, education, and manufacturing. The company brands include Mio, Magellan, Navman, and Tyan.

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