Binggrae Co (XKRX:005180) Interest Expense : ₩-2,059 Mil (TTM As of Mar. 2024)

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What is Binggrae Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Binggrae Co's interest expense for the three months ended in Mar. 2024 was ₩ -676 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-2,059 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. Binggrae Co's Operating Income for the three months ended in Mar. 2024 was ₩ 21,054 Mil. Binggrae Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -676 Mil. Binggrae Co's Interest Coverage for the quarter that ended in Mar. 2024 was 31.15. 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.

Binggrae Co Interest Expense Historical Data

The historical data trend for Binggrae 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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Binggrae Co Interest Expense Chart

Binggrae Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-198.00

-275.00

-317.00

-281.00

-1,712.00

Binggrae 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															-329.00	-390.00	-500.00	-493.00	-675.86

Binggrae 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 ₩-2,059 Mil.

Binggrae Co (XKRX:005180) 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.

Binggrae Co's Interest Expense for the three months ended in Mar. 2024 was ₩-676 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩21,054 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩42,836 Mil.

Binggrae 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	*	21053.538	/	-675.858
	=	31.15

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

Binggrae Co (XKRX:005180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Binggrae Co Ltd (XKRX:005180) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

45, Dasansunhwan-ro, Gyeonggi-do, Namyangju-si, KOR

Website

http://www.bing.co.kr

Binggrae Co Ltd is a Korea-based company engaged in the manufacturing and processing of dairy products and snacks. The business activity of the group is primarily operated through two divisions namely Refrigeration and Cold storage division. The Refrigeration division is engaged in the production of Ice cream and other frozen snacks, and Cold storage division engaged in the production of Dairy drinks such as milk and yogurt as well as other snacks. The products are offered under the brand name of Melona, Samanco, Pop Top, Pangtoa and others.

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