Argo Yachts Development Co (ROCO:7566) Interest Expense : NT$-24.4 Mil (TTM As of Dec. 2023)

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What is Argo Yachts Development Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Argo Yachts Development Co's interest expense for the six months ended in Dec. 2023 was NT$ -11.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NT$-24.4 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. Argo Yachts Development Co's Operating Income for the six months ended in Dec. 2023 was NT$ 39.7 Mil. Argo Yachts Development Co's Interest Expense for the six months ended in Dec. 2023 was NT$ -11.7 Mil. Argo Yachts Development Co's Interest Coverage for the quarter that ended in Dec. 2023 was 3.39. 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.

Argo Yachts Development Co Interest Expense Historical Data

The historical data trend for Argo Yachts Development 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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Argo Yachts Development Co Interest Expense Chart

Argo Yachts Development Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.67

-8.03

-16.52

-18.84

-24.39

Argo Yachts Development Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial						-8.00	-9.81	-9.02	-12.69	-11.70

Argo Yachts Development 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$-24.4 Mil.

Argo Yachts Development Co (ROCO:7566) 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.

Argo Yachts Development Co's Interest Expense for the six months ended in Dec. 2023 was NT$-11.7 Mil. Its Operating Income for the six months ended in Dec. 2023 was NT$39.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was NT$1,590.4 Mil.

Argo Yachts Development 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	*	39.68	/	-11.699
	=	3.39

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. Argo Yachts Development Co Ltd interest coverage is 1.14, which is low.

Argo Yachts Development Co (ROCO:7566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Argo Yachts Development Co Ltd (ROCO:7566) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 777, Sector 2, Xingang Road, Anping District, Tainan, TWN, 708

Website

https://www.argoyc.com

Argo Yachts Development Co Ltd is engaged in operation of membership yacht club to provide diversified services such as berth, escrow and maintenance.

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