Truen (XKRX:417790) Interest Coverage : 849.11 (As of Mar. 2024)

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What is Truen Interest Coverage?

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 by its Interest Expense. Truen's Operating Income for the three months ended in Mar. 2024 was ₩2,271 Mil. Truen's Interest Expense for the three months ended in Mar. 2024 was ₩-3 Mil. Truen's interest coverage for the quarter that ended in Mar. 2024 was 849.11. 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. Truen has enough cash to cover all of its debt. Its financial situation is stable.

The historical rank and industry rank for Truen's Interest Coverage or its related term are showing as below:

XKRX:417790' s Interest Coverage Range Over the Past 10 Years
Min: 777.74 Med: 933.88 Max: 1528.14
Current: 871.25

XKRX:417790's Interest Coverage is ranked better than
95.23% of 1259 companies
in the Construction industry
Industry Median: 7.03 vs XKRX:417790: 871.25

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Truen Interest Coverage Historical Data

The historical data trend for Truen's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Truen Interest Coverage Chart

Truen Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Coverage

933.88

1,343.26

1,528.14

777.74

785.84

Truen Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Coverage	Get a 7-Day Free Trial			510.81	672.89	980.84	1,013.27	849.11

Competitive Comparison of Truen's Interest Coverage

For the Building Products & Equipment subindustry, Truen's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Truen's Interest Coverage Distribution in the Construction Industry

For the Construction industry and Industrials sector, Truen's Interest Coverage distribution charts can be found below:

* The bar in red indicates where Truen's Interest Coverage falls into.

Truen Interest Coverage Calculation

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:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Truen's Interest Coverage for the fiscal year that ended in Dec. 2023 is calculated as

Here, for the fiscal year that ended in Dec. 2023, Truen's Interest Expense was ₩-14 Mil. Its Operating Income was ₩11,388 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩120 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Dec. 2023 )	/	Interest Expense (A: Dec. 2023 )
	=	-1	*	11387.643	/	-14.491
	=	785.84

Truen's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Here, for the three months ended in Mar. 2024, Truen's Interest Expense was ₩-3 Mil. Its Operating Income was ₩2,271 Mil. And its Long-Term Debt & Capital Lease Obligation was ₩92 Mil.

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	2270.523	/	-2.674
	=	849.11

The higher the ratio, the stronger the company's Financial Strength is.

Truen (XKRX:417790) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

Truen Interest Coverage Related Terms

Thank you for viewing the detailed overview of Truen's Interest Coverage provided by GuruFocus.com. Please click on the following links to see related term pages.

Truen (XKRX:417790) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Truen (XKRX:417790) » Definitions » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

Address

1108, 1309, 28, Digital-ro 33-gil, Guro-dong, Woorim Ibiz Center 1, Guro-gu, Seoul, KOR

Website

http://www.truen.co.kr

Truen is an IoT convergence video surveillance platform specialized company. Its business is mainly divided into two fields. It is a digital video surveillance system business and IoT (Internet of Things) business. It develops, produces, and sells various types of IP cameras, Video servers, Zoom modules, and Smart Home Solution Egloo. Its solutions comprise Automatic Incident Detection System, Edge AI, ALPR, Air Wiper, and IOT Secure Service.

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