Ta Chen Stainless Pipe Co (TPE:2027) Interest Expense : NT$-1,039 Mil (TTM As of Mar. 2024)

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What is Ta Chen Stainless Pipe Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ta Chen Stainless Pipe Co's interest expense for the three months ended in Mar. 2024 was NT$ -248 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-1,039 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. Ta Chen Stainless Pipe Co's Operating Income for the three months ended in Mar. 2024 was NT$ 1,366 Mil. Ta Chen Stainless Pipe Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -248 Mil. Ta Chen Stainless Pipe Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.51. 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.

Ta Chen Stainless Pipe Co Interest Expense Historical Data

The historical data trend for Ta Chen Stainless Pipe 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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Ta Chen Stainless Pipe Co Interest Expense Chart

Ta Chen Stainless Pipe Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-1,901.21

-1,705.03

-1,294.39

-1,215.81

-1,159.20

Ta Chen Stainless Pipe 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															-368.19	-301.69	-257.40	-231.92	-247.77

Ta Chen Stainless Pipe 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$-1,039 Mil.

Ta Chen Stainless Pipe Co (TPE:2027) 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.

Ta Chen Stainless Pipe Co's Interest Expense for the three months ended in Mar. 2024 was NT$-248 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$1,366 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$30,831 Mil.

Ta Chen Stainless Pipe 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	*	1366.299	/	-247.773
	=	5.51

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

Ta Chen Stainless Pipe Co (TPE:2027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ta Chen Stainless Pipe Co Ltd (TPE:2027) » Definitions » Interest Expense

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Address

No.125 Hsin-Tien 2nd Street, Hsin-Tien, Jeng-Teh, Tainan, TWN

Website

https://www.tachen.com.tw

Ta Chen Stainless Pipe Co Ltd is a Taiwan-based company that is primarily engaged in manufacturing and distributing of stainless steel, fasteners, steel strips, aluminum and nickel alloy coils, sheets, plates, long products, tubes, and PVFs. The company generates most of its sales from stainless steel products and fasteners. The company particularly specializes in manufacturing stainless tube and its accessories, which are used in petrochemical and food industries. Geographically, the company generates almost all of its revenue from the American market, where the company distributes its products through its warehouses in Los Angeles, Chicago, Houston, Atlanta, Florida, Philadelphia, Seattle, and Cleveland.

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