Kingcan Holdings (TPE:8411) Interest Expense : NT$-173 Mil (TTM As of Mar. 2024)

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What is Kingcan Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kingcan Holdings's interest expense for the three months ended in Mar. 2024 was NT$ -43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-173 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. Kingcan Holdings's Operating Income for the three months ended in Mar. 2024 was NT$ 16 Mil. Kingcan Holdings's Interest Expense for the three months ended in Mar. 2024 was NT$ -43 Mil. Kingcan Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.36. 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.

Kingcan Holdings Interest Expense Historical Data

The historical data trend for Kingcan Holdings'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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Kingcan Holdings Interest Expense Chart

Kingcan Holdings Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

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Dec23

Interest Expense

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-94.12

-78.75

-55.03

-156.34

-173.41

Kingcan Holdings 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															-43.02	-43.18	-42.36	-44.85	-42.77

Kingcan Holdings 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$-173 Mil.

Kingcan Holdings (TPE:8411) 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.

Kingcan Holdings's Interest Expense for the three months ended in Mar. 2024 was NT$-43 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$2,387 Mil.

Kingcan Holdings'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	*	15.524	/	-42.765
	=	0.36

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. Kingcan Holdings Ltd interest coverage is 1.37, which is low.

Kingcan Holdings (TPE:8411) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Kingcan Holdings Ltd (TPE:8411) » Definitions » Interest Expense

Comparable Companies

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N/A

Address

Hibiscus Way, 802 West Bay Road, PO Box 31119 Grand Pavilion, Grand Cayman, CYM, KY1-1205

Website

https://www.kingcanholdings.com

Kingcan Holdings Ltd specializes in the production of metal packaging containers for all types of easy-to-open three-piece tinplate beverage cans, food, and vegetable cans. Its products and services include Tinplate packaging containers, Aluminum product packaging containers, Tinplate color printing, Tinplate coating, Food, and beverage filling, and others. The majority of the revenue is generated from China.

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