IREM Co (XKRX:009730) Interest Expense : ₩-1,358 Mil (TTM As of Mar. 2024)

View and export this data going back to 1990. Start your Free Trial

What is IREM Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IREM Co's interest expense for the three months ended in Mar. 2024 was ₩ -859 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-1,358 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. IREM Co's Operating Income for the three months ended in Mar. 2024 was ₩ 241 Mil. IREM Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -859 Mil. IREM Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.28. 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.

IREM Co Interest Expense Historical Data

The historical data trend for IREM 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.

* Premium members only.

IREM Co Interest Expense Chart

IREM Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-8,129.95

-3,421.59

-1,786.67

-1,290.44

-670.47

IREM 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															-171.55	-327.33	-46.13	-125.46	-859.16

IREM 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 ₩-1,358 Mil.

IREM Co (XKRX:009730) 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.

IREM Co's Interest Expense for the three months ended in Mar. 2024 was ₩-859 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩241 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩27,424 Mil.

IREM 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	*	240.595	/	-859.164
	=	0.28

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. IREM Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

IREM Co (XKRX:009730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » IREM Co Ltd (XKRX:009730) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

1116 Yeok-ri, Haengan-Myeon, Buan-gun, Jeollabuk-do, KOR, 158-093

Website

http://www.kossen.co.kr

Kossen Co Ltd operates in the steel industry in South Korea. The company is engaged in manufacturing of steel pipes and tubes. The other businesses of the company are natural gas vehicle business and new renewable energy business.

IREM Co (XKRX:009730) Headlines

No Headlines