Samsung Heavy Industries Co (XKRX:010140) Interest Expense : ₩-191,744 Mil (TTM As of Mar. 2024)

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What is Samsung Heavy Industries Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Samsung Heavy Industries Co's interest expense for the three months ended in Mar. 2024 was ₩ -52,254 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-191,744 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. Samsung Heavy Industries Co's Operating Income for the three months ended in Mar. 2024 was ₩ 77,867 Mil. Samsung Heavy Industries Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -52,254 Mil. Samsung Heavy Industries Co's Interest Coverage for the quarter that ended in Mar. 2024 was 1.49. 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.

Samsung Heavy Industries Co Interest Expense Historical Data

The historical data trend for Samsung Heavy Industries 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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Samsung Heavy Industries Co Interest Expense Chart

Samsung Heavy Industries Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-123,190.32

-164,650.57

-135,055.45

-99,727.72

-178,581.67

Samsung Heavy Industries 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															-39,091.75	-41,651.18	-46,321.93	-51,516.81	-52,254.22

Samsung Heavy Industries 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 ₩-191,744 Mil.

Samsung Heavy Industries Co (XKRX:010140) 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.

Samsung Heavy Industries Co's Interest Expense for the three months ended in Mar. 2024 was ₩-52,254 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩77,867 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩586,213 Mil.

Samsung Heavy Industries 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	*	77866.935	/	-52254.217
	=	1.49

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. Samsung Heavy Industries Co Ltd interest coverage is 1.52, which is low.

Samsung Heavy Industries Co (XKRX:010140) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Samsung Heavy Industries Co Ltd (XKRX:010140) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Samsung Life Insurance Seocho Tower, 1321-15, Seocho-Dong, Seoul, KOR, 137-955

Website

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

Samsung Heavy Industries Co Ltd is a South Korean-based shipbuilding and construction company. Its area of operations divides into Shipbuilding, Offshore Drilling and Production, and Power and Control Systems. SHI's Shipbuilding operation includes hull construction, block assembly, and outfitting. Offshore Drilling and Production division incorporates FPSO, drill ships, fixed offshore platforms, and floating offshore platforms. Its Power and Control Systems division develops and supplies automated navigation, ballast water processing system and LNG storage and supply, and regasification. Business operations of the company are functioned through China, America, Middle East, Africa, Europe and Asia.

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