Shin Steel Co (XKRX:162300) Interest Expense : ₩-3,817 Mil (TTM As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Shin Steel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shin Steel Co's interest expense for the three months ended in Mar. 2024 was ₩ -1,090 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-3,817 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. Shin Steel Co's Operating Income for the three months ended in Mar. 2024 was ₩ 3,304 Mil. Shin Steel Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -1,090 Mil. Shin Steel Co's Interest Coverage for the quarter that ended in Mar. 2024 was 3.03. 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.

Shin Steel Co Interest Expense Historical Data

The historical data trend for Shin Steel 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.

Shin Steel Co Interest Expense Chart

Shin Steel Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

Get a 7-Day Free Trial

-1,454.25

-2,153.07

-1,912.95

-2,017.06

-2,891.08

Shin Steel Co Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-770.44	-866.77	-690.64	-1,169.45	-1,090.33

Shin Steel 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 ₩-3,817 Mil.

Shin Steel Co (XKRX:162300) 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.

Shin Steel Co's Interest Expense for the three months ended in Mar. 2024 was ₩-1,090 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩3,304 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩30,146 Mil.

Shin Steel 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	*	3303.555	/	-1090.331
	=	3.03

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

Shin Steel Co (XKRX:162300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shin Steel Co Ltd (XKRX:162300) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

174, Mieumsandan 4-ro, Gangseo-gu, Busan, KOR

Website

http://www.shin-steel.com

Shin Steel Co Ltd is a steel distribution company that supplies various types of products such as Cold Rolled Steel, Galvanized Steel, Alu-Zinc Steel, Pre-Painted Steel, Stainless Steel, and Tin Plate Steel.

Shin Steel Co (XKRX:162300) Headlines

No Headlines