Shining Victory Motor Electronic Co (ROCO:2248) Interest Expense : NT$-7 Mil (TTM As of Dec. 2023)

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What is Shining Victory Motor Electronic Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shining Victory Motor Electronic Co's interest expense for the six months ended in Dec. 2023 was NT$ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NT$-7 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. Shining Victory Motor Electronic Co's Operating Income for the six months ended in Dec. 2023 was NT$ 115 Mil. Shining Victory Motor Electronic Co's Interest Expense for the six months ended in Dec. 2023 was NT$ -4 Mil. Shining Victory Motor Electronic Co's Interest Coverage for the quarter that ended in Dec. 2023 was 26.04. 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.

Shining Victory Motor Electronic Co Interest Expense Historical Data

The historical data trend for Shining Victory Motor Electronic 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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Shining Victory Motor Electronic Co Interest Expense Chart

Shining Victory Motor Electronic Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.70

-2.84

-3.16

-3.45

-7.41

Shining Victory Motor Electronic Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											-0.51	-1.62	-1.83	-3.02	-4.40

Shining Victory Motor Electronic 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was NT$-7 Mil.

Shining Victory Motor Electronic Co (ROCO:2248) 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.

Shining Victory Motor Electronic Co's Interest Expense for the six months ended in Dec. 2023 was NT$-4 Mil. Its Operating Income for the six months ended in Dec. 2023 was NT$115 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NT$2 Mil.

Shining Victory Motor Electronic Co'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	*	114.507	/	-4.398
	=	26.04

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

Shining Victory Motor Electronic Co (ROCO:2248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shining Victory Motor Electronic Co Ltd (ROCO:2248) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1199, Xinxing 2nd Road, Economic Development Zone, Zhejiang Province, Pinghu, CHN

Website

http://www.top-elan.com

Shining Victory Motor Electron is a Chinese holding company that operates in the auto industry. The company through its holding is engaged in manufacturing auto parts, photoelectric products, and car decoration products. Its products offerings include Interior Ambient Lamp Series, LED Photoelectric Series, Interior/ exterior Decoration, and Refitted vehicle series all used in auto industry.

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