Korea Aerospace Industries (XKRX:047810) Interest Expense : ₩-28,238 Mil (TTM As of Mar. 2024)

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What is Korea Aerospace Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Korea Aerospace Industries's interest expense for the three months ended in Mar. 2024 was ₩ -6,169 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-28,238 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. Korea Aerospace Industries's Operating Income for the three months ended in Mar. 2024 was ₩ 48,012 Mil. Korea Aerospace Industries's Interest Expense for the three months ended in Mar. 2024 was ₩ -6,169 Mil. Korea Aerospace Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 7.78. 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.

Korea Aerospace Industries Interest Expense Historical Data

The historical data trend for Korea Aerospace Industries'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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Korea Aerospace Industries Interest Expense Chart

Korea Aerospace Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-16,987.01

-21,604.01

-23,352.52

-21,700.68

-29,088.38

Korea Aerospace Industries 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															-7,019.42	-9,065.21	-7,222.35	-5,781.41	-6,168.92

Korea Aerospace Industries 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 ₩-28,238 Mil.

Korea Aerospace Industries (XKRX:047810) 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.

Korea Aerospace Industries's Interest Expense for the three months ended in Mar. 2024 was ₩-6,169 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩48,012 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩229,529 Mil.

Korea Aerospace Industries'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	*	48011.991	/	-6168.918
	=	7.78

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

Korea Aerospace Industries (XKRX:047810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Korea Aerospace Industries Ltd (XKRX:047810) » Definitions » Interest Expense

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Address

802 Yucheon-Ri, Sanam-Myun, Sacheon-si, KOR, 664-942

Website

http://www.koreaaero.com

Korea Aerospace Industries Ltd is engaged in the manufacture and sale of aircraft in Korea. The company builds military aircraft for national defense and civil aircraft parts. Its products include Fixed wing aircrafts and Rotary wing aircraft. In addition, the company is involved in the maintenance, repair, and overhaul (MRO) services for aircrafts. The group distributes its products within Korean and to overseas markets. It is also involved in the Research and development of satellites.

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