Chung Hung Steel Co (TPE:2014) Interest Expense : NT$-202 Mil (TTM As of Mar. 2024)

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What is Chung Hung Steel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chung Hung Steel Co's interest expense for the three months ended in Mar. 2024 was NT$ -50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-202 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. Chung Hung Steel Co's Operating Income for the three months ended in Mar. 2024 was NT$ 51 Mil. Chung Hung Steel Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -50 Mil. Chung Hung Steel Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.04. 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.

Chung Hung Steel Co Interest Expense Historical Data

The historical data trend for Chung Hung Steel 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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Chung Hung Steel Co Interest Expense Chart

Chung Hung Steel Co Annual Data

Trend

Dec14

Dec15

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Dec20

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Dec22

Dec23

Interest Expense

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-123.05

-86.22

-45.72

-130.58

-203.98

Chung Hung Steel Co 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															-51.38	-52.76	-51.12	-48.72	-49.65

Chung Hung Steel 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-202 Mil.

Chung Hung Steel Co (TPE:2014) 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.

Chung Hung Steel Co's Interest Expense for the three months ended in Mar. 2024 was NT$-50 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$7,842 Mil.

Chung Hung Steel Co'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	*	51.392	/	-49.648
	=	1.04

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

Chung Hung Steel Co (TPE:2014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chung Hung Steel Co Ltd (TPE:2014) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 317, Yuliao Road, Yuliao Lane, Qiaotou District, Kaohsiung, TWN, 825

Website

https://www.chsteel.com.tw

Chung Hung Steel Co Ltd is engaged in manufacturing, processing, and distribution of steel products. The company produces steel products including hot and cold galvanized coils, fine blanking coils, hot rolled temper grade coils, hot rolled pickled and oiled coils, and hot rolled bands. It has two operating segments; The Corporation segment which manufacture, process and sell steel products, and Other corporations segment which includes Hung Kao Investment Corporation engaged in general investment. Geographically, it derives a majority revenue from Taiwan.

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