Hon Hai Precision Industry Co (TPE:2317) Interest Expense : NT$-61,428 Mil (TTM As of Mar. 2024)

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What is Hon Hai Precision Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hon Hai Precision Industry Co's interest expense for the three months ended in Mar. 2024 was NT$ -10,636 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-61,428 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. Hon Hai Precision Industry Co's Operating Income for the three months ended in Mar. 2024 was NT$ 36,751 Mil. Hon Hai Precision Industry Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -10,636 Mil. Hon Hai Precision Industry Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.46. 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.

Hon Hai Precision Industry Co Interest Expense Historical Data

The historical data trend for Hon Hai Precision Industry 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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Hon Hai Precision Industry Co Interest Expense Chart

Hon Hai Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-66,600.70

-40,317.01

-21,958.50

-34,736.20

-65,543.26

Hon Hai Precision Industry 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															-14,752.02	-16,805.08	-17,747.22	-16,238.94	-10,636.44

Hon Hai Precision Industry 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$-61,428 Mil.

Hon Hai Precision Industry Co (TPE:2317) 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.

Hon Hai Precision Industry Co's Interest Expense for the three months ended in Mar. 2024 was NT$-10,636 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$36,751 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$306,247 Mil.

Hon Hai Precision Industry 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	*	36750.532	/	-10636.44
	=	3.46

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

Hon Hai Precision Industry Co (TPE:2317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hon Hai Precision Industry Co Ltd (TPE:2317) » Definitions » Interest Expense

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Traded in Other Exchanges

HNHPF:USA HHPDl:UK HHPD:UK HHP2:Germany

Address

No.2, Zihyou Street, Tucheng District, New Taipei, TWN, 236

Website

https://www.foxconn.com

Hon Hai Precision is the world's largest contract manufacturer of consumer electronics, communications, and computer products. It is the biggest supplier to Apple, whose business accounted for 55% of overall revenue in 2022. Hon Hai is also involved in the production of upstream components such as electronic connectors, semiconductor packaging, and metal casings for smartphones. These upstream activities are mainly conducted through its listed majority-owned subsidiaries Foxconn Industrial Internet and FIH Mobile. In response to its traditional end markets of computers, smartphones, and telecom equipment maturing in 2019 it started on a strategy to develop expertise in three new growth areas—electric vehicles, digital health, and robotics.

Hon Hai Precision Industry Co (TPE:2317) Headlines

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