Asia Cement (TPE:1102) Interest Expense : NT$-1,772 Mil (TTM As of Dec. 2023)

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What is Asia Cement Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asia Cement's interest expense for the three months ended in Dec. 2023 was NT$ -470 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NT$-1,772 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. Asia Cement's Operating Income for the three months ended in Dec. 2023 was NT$ 1,388 Mil. Asia Cement's Interest Expense for the three months ended in Dec. 2023 was NT$ -470 Mil. Asia Cement's Interest Coverage for the quarter that ended in Dec. 2023 was 2.95. 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.

Asia Cement Interest Expense Historical Data

The historical data trend for Asia Cement'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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Asia Cement Interest Expense Chart

Asia Cement Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1,820.62

-1,163.65

-894.33

-1,295.08

-1,772.45

Asia Cement Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-453.16	-409.28	-437.77	-455.56	-469.84

Asia Cement 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 quarterly data reported by the company within the most recent 12 months, which was NT$-1,772 Mil.

Asia Cement (TPE:1102) 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.

Asia Cement's Interest Expense for the three months ended in Dec. 2023 was NT$-470 Mil. Its Operating Income for the three months ended in Dec. 2023 was NT$1,388 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was NT$49,768 Mil.

Asia Cement'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	*	1387.55	/	-469.844
	=	2.95

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

Asia Cement (TPE:1102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement Corp (TPE:1102) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 207, Dunhua South Road, 30th-31st Floor, Section 2, Daan District, Taipei, TWN, 106

Website

https://www.acc.com.tw

Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries. The firm also provides a range of services that include industrial plant development, real estate, real estate leasing, warehousing, parking management, waste disposal, and international trade. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, plaster, and silica sand. The majority of revenue comes from Taiwan and China. Its reportable segments are as follows: Cement, electric power, investment, engineering, transportation, stainless steel, and leasing.

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