PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) Interest Expense : Rp-115,367 Mil (TTM As of Mar. 2024)

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What is PT Steel Pipe Industry of Indonesia Tbk Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PT Steel Pipe Industry of Indonesia Tbk's interest expense for the three months ended in Mar. 2024 was Rp -46,091 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was Rp-115,367 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. PT Steel Pipe Industry of Indonesia Tbk's Operating Income for the three months ended in Mar. 2024 was Rp 213,060 Mil. PT Steel Pipe Industry of Indonesia Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp -46,091 Mil. PT Steel Pipe Industry of Indonesia Tbk's Interest Coverage for the quarter that ended in Mar. 2024 was 4.62. 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.

PT Steel Pipe Industry of Indonesia Tbk Interest Expense Historical Data

The historical data trend for PT Steel Pipe Industry of Indonesia Tbk'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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PT Steel Pipe Industry of Indonesia Tbk Interest Expense Chart

PT Steel Pipe Industry of Indonesia Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-169,306.00

-118,316.00

-80,871.00

-96,955.00

-131,092.00

PT Steel Pipe Industry of Indonesia Tbk 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															-61,816.00	-51,898.00	-48,757.00	31,379.00	-46,091.00

PT Steel Pipe Industry of Indonesia Tbk 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 Rp-115,367 Mil.

PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) 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.

PT Steel Pipe Industry of Indonesia Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-46,091 Mil. Its Operating Income for the three months ended in Mar. 2024 was Rp213,060 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was Rp564,107 Mil.

PT Steel Pipe Industry of Indonesia Tbk'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	*	213060	/	-46091
	=	4.62

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

PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » PT Steel Pipe Industry of Indonesia Tbk (ISX:ISSP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

S08:Germany

Address

Jalan Kalibutuh No. 189-191, East Java, Surabaya, IDN, 60173

Website

https://www.spindo.com

PT Steel Pipe Industry of Indonesia Tbk is an Indonesia-based company engaged in manufacturing steel pipes. The company's products include black pipes, water pipes, mechanical pipes, furniture pipes, API pipes, steel poles, spiral pipes as well as industrial and ornament stainless steel pipes. The segments of the company are Steel Pipe Mill; Spiral Steel Pipe Mill, Strips and Plate and Services, and others. The company's products are used for furniture, water supply system, general construction, automotive components, oil and gas, mechanical structures, and chemical industries. Geographically all operations functioned through the regions of Indonesia.

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