Minh Phu Seafood Group (STC:MPC) Interest Expense : ₫-116,324 Mil (TTM As of Mar. 2024)

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What is Minh Phu Seafood Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Minh Phu Seafood Group's interest expense for the three months ended in Mar. 2024 was ₫ -29,558 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₫-116,324 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. Minh Phu Seafood Group's Operating Income for the three months ended in Mar. 2024 was ₫ 12,026 Mil. Minh Phu Seafood Group's Interest Expense for the three months ended in Mar. 2024 was ₫ -29,558 Mil. Minh Phu Seafood Group's Interest Coverage for the quarter that ended in Mar. 2024 was 0.41. 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.

Minh Phu Seafood Group Interest Expense Historical Data

The historical data trend for Minh Phu Seafood Group'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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Minh Phu Seafood Group Interest Expense Chart

Minh Phu Seafood Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-151,147.21

-88,602.66

-53,087.43

-85,421.92

-140,645.72

Minh Phu Seafood Group 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															-53,879.54	-9,562.60	-39,467.97	-37,735.61	-29,558.01

Minh Phu Seafood Group 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 ₫-116,324 Mil.

Minh Phu Seafood Group (STC:MPC) 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.

Minh Phu Seafood Group's Interest Expense for the three months ended in Mar. 2024 was ₫-29,558 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₫12,026 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₫297,670 Mil.

Minh Phu Seafood Group'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	*	12026.031	/	-29558.008
	=	0.41

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

Minh Phu Seafood Group (STC:MPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Minh Phu Seafood Group Corp (STC:MPC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MPC:Vietnam

Address

Industrial Zone, Ward 8, Ca Mau Province, Ca Mau, VNM

Website

http://www.minhphu.com

Minh Phu Seafood Group Corp is involved in the business of processing and exporting seafood. The company provides feeding shrimps, biological products, and commercial shrimps. The activity of the company is to process and trade in aquatic breeds and aquatic foods; and to trade in machinery and equipment for aquaculture. It operates in four business segments: aquaculture products breeding; aquatic products processing; aquatic products trading and Others.