Kangwon Land (XKRX:035250) Interest Expense : ₩-7,659 Mil (TTM As of Dec. 2023)

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What is Kangwon Land Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kangwon Land's interest expense for the three months ended in Dec. 2023 was ₩ -1,258 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₩-7,659 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. Kangwon Land's Operating Income for the three months ended in Dec. 2023 was ₩ 38,755 Mil. Kangwon Land's Interest Expense for the three months ended in Dec. 2023 was ₩ -1,258 Mil. Kangwon Land's Interest Coverage for the quarter that ended in Dec. 2023 was 30.80. 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.

Kangwon Land Interest Expense Historical Data

The historical data trend for Kangwon Land'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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Kangwon Land Interest Expense Chart

Kangwon Land Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,961.00

-1,875.68

-1,711.39

-1,827.31

-7,658.83

Kangwon Land Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-464.48	-474.51	-459.82	-5,466.36	-1,258.14

Kangwon Land 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-7,659 Mil.

Kangwon Land (XKRX:035250) 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.

Kangwon Land's Interest Expense for the three months ended in Dec. 2023 was ₩-1,258 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₩38,755 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₩54,933 Mil.

Kangwon Land's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	38754.958	/	-1258.14
	=	30.80

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

Kangwon Land (XKRX:035250) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kangwon Land Inc (XKRX:035250) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

265 High1-Gil Sabuk-Eup, Jeongsun-Kun, Gangwon, KOR

Website

http://www.high1.com

Kangwon Land Inc is a casino and resort company. The business has six business segments that include Casino, Hotel, Holiday Unit, Golf Course, Skiing Ground, and Other. Kangwon operates numerous resorts and casinos that have table games and slot machines. The company's resorts also have condominium units. The Golf Course segment generates revenue from courses the company has built around its resorts. The Skiing Grounds segment is engaged in skiing tickets and rentals through the company's integrated ski resort. The Other business segment controls interests such as Kangwon's theme park. Kangwon Land generates the vast majority of its revenue in South Korea.

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