Sungwoo Hitech Co (XKRX:015750) Interest Expense : ₩-78,388 Mil (TTM As of Mar. 2024)

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What is Sungwoo Hitech Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sungwoo Hitech Co's interest expense for the three months ended in Mar. 2024 was ₩ -20,783 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-78,388 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. Sungwoo Hitech Co's Operating Income for the three months ended in Mar. 2024 was ₩ 42,961 Mil. Sungwoo Hitech Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -20,783 Mil. Sungwoo Hitech Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.07. 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.

Sungwoo Hitech Co Interest Expense Historical Data

The historical data trend for Sungwoo Hitech 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.

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Sungwoo Hitech Co Interest Expense Chart

Sungwoo Hitech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-48,079.23

-38,213.12

-33,172.72

-44,648.44

-74,415.20

Sungwoo Hitech 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															-16,774.40	-19,486.75	-21,942.90	-16,175.36	-20,782.95

Sungwoo Hitech 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 ₩-78,388 Mil.

Sungwoo Hitech Co (XKRX:015750) 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.

Sungwoo Hitech Co's Interest Expense for the three months ended in Mar. 2024 was ₩-20,783 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩42,961 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩634,387 Mil.

Sungwoo Hitech 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	*	42960.835	/	-20782.949
	=	2.07

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

Sungwoo Hitech Co (XKRX:015750) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sungwoo Hitech Co Ltd (XKRX:015750) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

2-9, Nonggong-gil, Jeonggwan-myeon, Gijang-gun, Busan, KOR, 619-731

Website

http://www.swhitech.com

Sungwoo Hitech Co Ltd is a Korea based company engaged in the manufacturing, supply, and distribution of automobile parts and components. It offers products such as bumper rails, side members, fender apron completes, center floor completes, hood assemblies, dash completes, floor panel components, package-tray centers, inner lower, side sills, and others. The business activity of the group is primarily functioned through Korea and it also holds branches in the region of China, India, Germany, Russia, Slovakia, the Czech Republic and Uzbekistan.

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