Formosan Union Chemical (TPE:1709) Interest Expense : NT$-48 Mil (TTM As of Mar. 2024)

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What is Formosan Union Chemical Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Formosan Union Chemical's interest expense for the three months ended in Mar. 2024 was NT$ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-48 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. Formosan Union Chemical's Operating Income for the three months ended in Mar. 2024 was NT$ 151 Mil. Formosan Union Chemical's Interest Expense for the three months ended in Mar. 2024 was NT$ -13 Mil. Formosan Union Chemical's Interest Coverage for the quarter that ended in Mar. 2024 was 11.88. 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.

Formosan Union Chemical Interest Expense Historical Data

The historical data trend for Formosan Union Chemical'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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Formosan Union Chemical Interest Expense Chart

Formosan Union Chemical Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-27.57

-27.31

-22.06

-33.21

-47.24

Formosan Union Chemical 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															-11.85	-11.19	-11.50	-12.70	-12.72

Formosan Union Chemical 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$-48 Mil.

Formosan Union Chemical (TPE:1709) 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.

Formosan Union Chemical's Interest Expense for the three months ended in Mar. 2024 was NT$-13 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$151 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$700 Mil.

Formosan Union Chemical'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	*	151.157	/	-12.719
	=	11.88

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

Formosan Union Chemical (TPE:1709) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosan Union Chemical Corp (TPE:1709) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.206, Nanking East Road, 14th Floor, Section 2, Taipei, TWN

Website

http://www.fucc.com.tw

Formosan Union Chemical Corp is a Taiwan-based company principally engaged in the manufacturing, processing, and trading of chemical products. Its key products are alkyl benzene, nonyl phenol, and hydrogenated hydrocarbon resin and its derivatives. The products are mainly used as raw materials for detergents, surfactants rubbers, and plastic anti-oxidant agents, among others.

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