LOTTE Fine Chemical Co (XKRX:004000) Interest Expense : ₩-1,812 Mil (TTM As of Mar. 2024)

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What is LOTTE Fine Chemical Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. LOTTE Fine Chemical Co's interest expense for the three months ended in Mar. 2024 was ₩ -1,145 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-1,812 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. LOTTE Fine Chemical Co's Operating Income for the three months ended in Mar. 2024 was ₩ 10,772 Mil. LOTTE Fine Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -1,145 Mil. LOTTE Fine Chemical Co's Interest Coverage for the quarter that ended in Mar. 2024 was 9.41. 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.

LOTTE Fine Chemical Co Interest Expense Historical Data

The historical data trend for LOTTE Fine Chemical 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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LOTTE Fine Chemical Co Interest Expense Chart

LOTTE Fine Chemical Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2,103.80

-987.80

-359.35

-571.38

-837.24

LOTTE Fine Chemical 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															-170.71	-142.74	-278.89	-244.89	-1,145.10

LOTTE Fine Chemical 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 ₩-1,812 Mil.

LOTTE Fine Chemical Co (XKRX:004000) 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.

LOTTE Fine Chemical Co's Interest Expense for the three months ended in Mar. 2024 was ₩-1,145 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩10,772 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩111,070 Mil.

LOTTE Fine Chemical 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	*	10772.378	/	-1145.096
	=	9.41

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. LOTTE Fine Chemical Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

LOTTE Fine Chemical Co (XKRX:004000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LOTTE Fine Chemical Co Ltd (XKRX:004000) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Samsung Materials Research Complex, 130, Samsung-ro, Yeongtong-gu, Suwon-si, Gyeonggi-do, KOR, 100-102

Website

http://www.sfc.samsung.co.kr

LOTTE Fine Chemical Co Ltd manufactures and sells a variety of chemicals, and chemical-based products. The firm organizes itself into three segments based on product type. The chlorine/cellulose segment, which generates the majority of revenue, sells cellulose and caustic soda used to make products for the construction, cement, ceramics, paint, detergent, and personal care industries. The electronic materials segment sells toner for color laser printers, liquid crystal display materials, and lithium nickel cobalt manganese oxide, used in rechargeable batteries. The ammonia segment's products are used in the production of fertilizer, textiles, and pharmaceuticals. The majority of sales come from Asia.

LOTTE Fine Chemical Co (XKRX:004000) Headlines

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