King Slide Works Co (TPE:2059) Interest Expense : NT$-34 Mil (TTM As of Mar. 2024)

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What is King Slide Works Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. King Slide Works Co's interest expense for the three months ended in Mar. 2024 was NT$ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-34 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. King Slide Works Co's Operating Income for the three months ended in Mar. 2024 was NT$ 1,008 Mil. King Slide Works Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -9 Mil. King Slide Works Co's Interest Coverage for the quarter that ended in Mar. 2024 was 112.69. 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.

King Slide Works Co Interest Expense Historical Data

The historical data trend for King Slide Works 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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King Slide Works Co Interest Expense Chart

King Slide Works Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11.36

-11.37

-9.79

-10.14

-30.35

King Slide Works 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															-5.51	-7.33	-8.97	-8.54	-8.95

King Slide Works 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$-34 Mil.

King Slide Works Co (TPE:2059) 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.

King Slide Works Co's Interest Expense for the three months ended in Mar. 2024 was NT$-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$1,008 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$1,903 Mil.

King Slide Works 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	*	1008.278	/	-8.947
	=	112.69

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. King Slide Works Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

King Slide Works Co (TPE:2059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » King Slide Works Co Ltd (TPE:2059) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136, Lane 275, Shun An Road, Lu Chu District, Kaohsiung, TWN, 82150

Website

https://www.kingslide.com

King Slide Works Co Ltd is a Taiwan-based company that manufactures and distributes electronic parts and components. The company operates primarily through two subsidiaries: King Slide Works and King Slide Technology. King Slide Works is a Taiwan-based company that develops, manufactures, and markets furniture accessories, including under-mount slides, ball-bearing slides, epoxy-coated drawer slides, and hinges. King Slide Technology develops and manufactures high-precision metal components applied in computer, communications, and consumer electronics products. The company has a global presence, with Taiwan, America, and China being its three largest markets.

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