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Tan Tao Investment Industry (STC:ITA) Interest Expense : ₫-2,784 Mil (TTM As of Mar. 2024)


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What is Tan Tao Investment Industry Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tan Tao Investment Industry's interest expense for the three months ended in Mar. 2024 was ₫ -978 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₫-2,784 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. Tan Tao Investment Industry's Operating Income for the three months ended in Mar. 2024 was ₫ 21,056 Mil. Tan Tao Investment Industry's Interest Expense for the three months ended in Mar. 2024 was ₫ -978 Mil. Tan Tao Investment Industry's Interest Coverage for the quarter that ended in Mar. 2024 was 21.53. 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.


Tan Tao Investment Industry Interest Expense Historical Data

The historical data trend for Tan Tao Investment Industry'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.

* Premium members only.

Tan Tao Investment Industry Interest Expense Chart

Tan Tao Investment Industry Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -60,450.80 -57,155.94 -28,717.94 -13,641.84 -1,118.61

Tan Tao Investment Industry Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -686.61 -920.66 -898.49 -907.01 -978.10

Tan Tao Investment Industry 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 ₫-2,784 Mil.

* 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.


Tan Tao Investment Industry  (STC:ITA) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Tan Tao Investment Industry's Interest Expense for the three months ended in Mar. 2024 was ₫-978 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₫21,056 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₫5,068 Mil.

Tan Tao Investment Industry'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*21056.115/-978.1
=21.53

* 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.

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


Tan Tao Investment Industry (STC:ITA) Business Description

Traded in Other Exchanges
N/A
Address
16 Road 02 Tan Tao IP Tan, Tao A Ward Binh Tan District, Ho Chi Minh City, VNM
Tan Tao Investment Industry Corp is a Vietnam based company engages in the development of an industrial park and resident park.