Elite Material Co (TPE:2383) Interest Expense : NT$-263 Mil (TTM As of Mar. 2024)

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What is Elite Material Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Elite Material Co's interest expense for the three months ended in Mar. 2024 was NT$ -101 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-263 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. Elite Material Co's Operating Income for the three months ended in Mar. 2024 was NT$ 2,537 Mil. Elite Material Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -101 Mil. Elite Material Co's Interest Coverage for the quarter that ended in Mar. 2024 was 25.07. 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.

Elite Material Co Interest Expense Historical Data

The historical data trend for Elite Material 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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Elite Material Co Interest Expense Chart

Elite Material Co Annual Data

Trend

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Interest Expense

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-32.91

-47.07

-60.72

-76.32

-184.12

Elite Material Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-57.45	-71.59	-84.83	-76.74	-101.22

Elite Material 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$-263 Mil.

Elite Material Co (TPE:2383) 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.

Elite Material Co's Interest Expense for the three months ended in Mar. 2024 was NT$-101 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$2,537 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$2,199 Mil.

Elite Material 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	*	2537.395	/	-101.222
	=	25.07

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

Elite Material Co (TPE:2383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elite Material Co Ltd (TPE:2383) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

No. 18, Datong 1st Road, Guanyin District, Taoyuan, TWN, 328

Website

https://www.emctw.com

Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals and raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: The domestic segment produces and sells different types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components, the Foreign segment produces and sells prepreg for printed circuit board and copper-clad laminate, and Other segments include investment and product exchange business. Geographically, It operates in Taiwan, China, and Other countries.

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