Accton Technology (TPE:2345) Interest Expense : NT$-72 Mil (TTM As of Mar. 2024)

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What is Accton Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Accton Technology's interest expense for the three months ended in Mar. 2024 was NT$ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-72 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. Accton Technology's Operating Income for the three months ended in Mar. 2024 was NT$ 1,921 Mil. Accton Technology's Interest Expense for the three months ended in Mar. 2024 was NT$ -21 Mil. Accton Technology's Interest Coverage for the quarter that ended in Mar. 2024 was 91.90. 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.

Accton Technology Interest Expense Historical Data

The historical data trend for Accton Technology'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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Accton Technology Interest Expense Chart

Accton Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-18.29

-38.09

-42.39

-68.06

-72.97

Accton Technology 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															-22.14	-14.18	-15.12	-21.54	-20.91

Accton Technology 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$-72 Mil.

Accton Technology (TPE:2345) 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.

Accton Technology's Interest Expense for the three months ended in Mar. 2024 was NT$-21 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$1,921 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$1,828 Mil.

Accton Technology'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	*	1921.243	/	-20.906
	=	91.90

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. Accton Technology Corp has enough cash to cover all of its debt. Its financial situation is stable.

Accton Technology (TPE:2345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Accton Technology Corp (TPE:2345) » Definitions » Interest Expense

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Address

No. 1, Creation 3rd Road, Hsinchu Science Park, East District, Hsinchu, TWN, 30077

Website

https://www.accton.com

Accton Technology Corp develops, manufactures and sells innovative high-quality products for computer network systems and wireless land area network (LAN) hardware and software products and renders related technical consulting and engineering design services. The products and services offered by the company is Switch, Network Application, Metro Access Switch, Other and Wireless. Roughly half of the firm's revenue is generated in the United States, with the rest coming from Taiwan, the rest of Asia, Europe, and other regions.

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