Hankook (XKRX:000240) Interest Expense : ₩-16,585 Mil (TTM As of Mar. 2024)

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What is Hankook Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hankook's interest expense for the three months ended in Mar. 2024 was ₩ -4,627 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-16,585 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. Hankook's Operating Income for the three months ended in Mar. 2024 was ₩ 125,515 Mil. Hankook's Interest Expense for the three months ended in Mar. 2024 was ₩ -4,627 Mil. Hankook's Interest Coverage for the quarter that ended in Mar. 2024 was 27.13. 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.

Hankook Interest Expense Historical Data

The historical data trend for Hankook'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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Hankook Interest Expense Chart

Hankook Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-3,210.85

-2,597.58

-1,961.17

-4,031.29

-14,344.97

Hankook 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															-2,386.44	-3,193.83	-3,756.77	-5,007.94	-4,626.60

Hankook 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 ₩-16,585 Mil.

Hankook (XKRX:000240) 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.

Hankook's Interest Expense for the three months ended in Mar. 2024 was ₩-4,627 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩125,515 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩18,999 Mil.

Hankook'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	*	125514.773	/	-4626.598
	=	27.13

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

Hankook (XKRX:000240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hankook & Co (XKRX:000240) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

133 Teheran-ro, Gangnam-gu, Seoul, KOR

Website

https://www.hankookandcompany.com

Hankook & Co formerly Hankook Technology Group Co Ltd manufactures and sells a variety of tires under the Hankook, Laufenn, Aurora, and Kingstar brand names. The firm's tires are used for passenger cars, suburban utility vehicles and light trucks, commercial trucks and buses, and race cars. Hankook Tire sells tires directly to automobile manufacturers and for replacement and aftermarket use. The majority of sales come from replacement and aftermarket use. More revenue comes from Europe than any other geography, followed by the Americas region.

Hankook (XKRX:000240) Headlines

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