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Chang Type Industrial Co (TPE:1541) Interest Expense : NT$-24 Mil (TTM As of Mar. 2024)


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What is Chang Type Industrial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chang Type Industrial Co'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$-24 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. Chang Type Industrial Co's Operating Income for the three months ended in Mar. 2024 was NT$ 0 Mil. Chang Type Industrial Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -9 Mil. Chang Type Industrial Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.03. 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.

Chang Type Industrial Co Interest Expense Historical Data

The historical data trend for Chang Type Industrial 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.

* Premium members only.

Chang Type Industrial Co Interest Expense Chart

Chang Type Industrial Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.74 -7.69 -10.74 -22.47 -18.88

Chang Type Industrial 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.18 -3.79 -4.71 -6.19 -9.03

Chang Type Industrial 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 NT$-24 Mil.

* 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.

Chang Type Industrial Co  (TPE:1541) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Chang Type Industrial Co'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$0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$386 Mil.

Chang Type Industrial 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*0.235/-9.028
=0.03

* 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.

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

Chang Type Industrial Co (TPE:1541) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chang Type Industrial Co Ltd (TPE:1541) » Definitions » Interest Expense
Comparable Companies
TPE:4560 TPE:4999 ROCO:5498 ROCO:5015 ROCO:5011 ROCO:6904 ROCO:2063 ROCO:6234 ROCO:6855 TPE:4540 HKSE:00669 SNA SWK LECO TTC OSTO:SKF B TSE:6586 RBC TKR TSE:9962
Traded in Other Exchanges
N/A
Address
No 41, Nan-Tsuen Road, Ho-Li, Taichung, TWN, 42127
Website
https://www.toty.com.tw
Chang Type Industrial Co Ltd engages in manufacture, process and sell hand tools, electric machines, motors, power tools, automatic control system, computer machinery, electric test instruments, woodworking machines and metal parts. The Company is also the agent to import and export raw materials for all related products mentioned above and to design various molds and fixtures.. The company's products include miter saws, scroll saws, radial arm saws and band saws and also manufacture motors, IC controls boards for power tools.

Chang Type Industrial Co (TPE:1541) Headlines

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