Ta Ya Electric Wire & Cable (TPE:1609) Interest Expense : NT$-700 Mil (TTM As of Mar. 2024)

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What is Ta Ya Electric Wire & Cable Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ta Ya Electric Wire & Cable's interest expense for the three months ended in Mar. 2024 was NT$ -175 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-700 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. Ta Ya Electric Wire & Cable's Operating Income for the three months ended in Mar. 2024 was NT$ 465 Mil. Ta Ya Electric Wire & Cable's Interest Expense for the three months ended in Mar. 2024 was NT$ -175 Mil. Ta Ya Electric Wire & Cable's Interest Coverage for the quarter that ended in Mar. 2024 was 2.66. 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.

Ta Ya Electric Wire & Cable Interest Expense Historical Data

The historical data trend for Ta Ya Electric Wire & Cable'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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Ta Ya Electric Wire & Cable Interest Expense Chart

Ta Ya Electric Wire & Cable Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-279.28

-216.30

-291.97

-476.69

-665.76

Ta Ya Electric Wire & Cable 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															-140.21	-185.98	-170.87	-168.70	-174.79

Ta Ya Electric Wire & Cable 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$-700 Mil.

Ta Ya Electric Wire & Cable (TPE:1609) 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.

Ta Ya Electric Wire & Cable's Interest Expense for the three months ended in Mar. 2024 was NT$-175 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$465 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$15,019 Mil.

Ta Ya Electric Wire & Cable'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	*	465.23	/	-174.787
	=	2.66

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ta Ya Electric Wire & Cable interest coverage is 2.47, which is low.

Ta Ya Electric Wire & Cable (TPE:1609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ta Ya Electric Wire & Cable (TPE:1609) » Definitions » Interest Expense

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Address

No. 249, Section 2, Zhongshan Road, Guanmiao District, Tainan, TWN, 71847

Website

https://www.taya.com.tw

Ta Ya Electric Wire & Cable is engaged in the manufacturing and sale of electric wire & cable, and constructing, selling, and renting office and house buildings. The company has two operating segments; the Electric wire and cable segment mainly engage in the manufacturing and sale of electric wire and cable, and the Solar power plants segment mainly engages in the development of solar power plants for renewable energy. It derives a majority of its revenue from Taiwan.

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