Kinx (XKRX:093320) Interest Expense : ₩-374 Mil (TTM As of Dec. 2023)

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What is Kinx Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kinx's interest expense for the three months ended in Dec. 2023 was ₩ -128 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₩-374 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. Kinx's Operating Income for the three months ended in Dec. 2023 was ₩ 5,468 Mil. Kinx's Interest Expense for the three months ended in Dec. 2023 was ₩ -128 Mil. Kinx's Interest Coverage for the quarter that ended in Dec. 2023 was 42.68. 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.

Kinx Interest Expense Historical Data

The historical data trend for Kinx'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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Kinx Interest Expense Chart

Kinx Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-331.05

-186.87

-106.77

-248.92

-373.73

Kinx Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-90.30	-82.35	-64.10	-99.17	-128.11

Kinx 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-374 Mil.

Kinx (XKRX:093320) 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.

Kinx's Interest Expense for the three months ended in Dec. 2023 was ₩-128 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₩5,468 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₩27,893 Mil.

Kinx's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5468.044	/	-128.114
	=	42.68

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. Kinx Inc has enough cash to cover all of its debt. Its financial situation is stable.

Kinx (XKRX:093320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kinx Inc (XKRX:093320) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

396, Seocho-daero, 21st Floor, Gangnam Building, Seocho-gu, Seoul, KOR

Website

http://www.kinx.net

Kinx Inc is a Korea based carrier-neutral infrastructure provider. It offers services to prominent domestic and international carriers, content providers, multiple system operators, financial institutions, and government agencies. The organization provides colocation, IEPL, MPLS-VPN, Cloud, CDN, AWS Direct Connect, and China Direct Connect among others.

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