Novatek Microelectronics (TPE:3034) Interest Expense : NT$-7 Mil (TTM As of Mar. 2024)

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What is Novatek Microelectronics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Novatek Microelectronics's interest expense for the three months ended in Mar. 2024 was NT$ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-7 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. Novatek Microelectronics's Operating Income for the three months ended in Mar. 2024 was NT$ 5,144 Mil. Novatek Microelectronics's Interest Expense for the three months ended in Mar. 2024 was NT$ -2 Mil. Novatek Microelectronics's Interest Coverage for the quarter that ended in Mar. 2024 was 2,638.10. 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.

Novatek Microelectronics Interest Expense Historical Data

The historical data trend for Novatek Microelectronics'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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Novatek Microelectronics Interest Expense Chart

Novatek Microelectronics Annual Data

Trend

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Dec23

Interest Expense

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-46.92

-6.80

-19.69

-5.69

-6.34

Novatek Microelectronics 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															-1.63	-1.48	-1.50	-1.73	-1.95

Novatek Microelectronics 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$-7 Mil.

Novatek Microelectronics (TPE:3034) 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.

Novatek Microelectronics's Interest Expense for the three months ended in Mar. 2024 was NT$-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$5,144 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$337 Mil.

Novatek Microelectronics'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	*	5144.291	/	-1.95
	=	2,638.10

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

Novatek Microelectronics (TPE:3034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Novatek Microelectronics Corp (TPE:3034) » Definitions » Interest Expense

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Address

No.13, Innovation Road I, 2nd Floor, Hsinchu Science Park, Hsinchu, TWN, 30076

Website

https://www.novatek.com.tw

Novatek Microelectronics Corp is a chip design company specializing in the design, development, and sales of a wide range of display driver ICs and SoC solutions for all display and audio/video applications. The group is mainly engaged in researching, developing, manufacturing, and sales of integrated circuit chips speech, communication, computer peripherals, LCD driver IC system, embedded MCU, DSP, and systems. The firm generates the majority of its revenue from countries across Asia, and the rest comes from Taiwan and others.

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