Daejoo Electronic Materials Co (XKRX:078600) Interest Expense : ₩-7,296 Mil (TTM As of Mar. 2024)

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What is Daejoo Electronic Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Daejoo Electronic Materials Co's interest expense for the three months ended in Mar. 2024 was ₩ -756 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-7,296 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. Daejoo Electronic Materials Co's Operating Income for the three months ended in Mar. 2024 was ₩ 5,015 Mil. Daejoo Electronic Materials Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -756 Mil. Daejoo Electronic Materials Co's Interest Coverage for the quarter that ended in Mar. 2024 was 6.63. 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.

Daejoo Electronic Materials Co Interest Expense Historical Data

The historical data trend for Daejoo Electronic Materials 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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Daejoo Electronic Materials Co Interest Expense Chart

Daejoo Electronic Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-2,569.39

-2,802.02

-3,430.81

-8,032.52

-9,302.10

Daejoo Electronic Materials 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															-2,762.88	-2,243.64	-2,994.56	-1,301.02	-756.31

Daejoo Electronic Materials 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 ₩-7,296 Mil.

Daejoo Electronic Materials Co (XKRX:078600) 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.

Daejoo Electronic Materials Co's Interest Expense for the three months ended in Mar. 2024 was ₩-756 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩5,015 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩27,279 Mil.

Daejoo Electronic Materials 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	*	5015.482	/	-756.306
	=	6.63

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

Daejoo Electronic Materials Co (XKRX:078600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Daejoo Electronic Materials Co Ltd (XKRX:078600) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

148, Seohaean-Ro, Siheung, KOR, 429-848

Website

http://www.daejoo.co.kr

Daejoo Electronic Materials Co Ltd manufactures and markets various materials for electronic components in South Korea. Its products include conductive paste, solar-cell paste, phosphor, polymer materials, lithium-ion battery anode materials, metal powder, glass materials, OLED materials, and graphene.

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