Sitronix Technology (TPE:8016) Interest Expense : NT$-5 Mil (TTM As of Mar. 2024)

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What is Sitronix Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sitronix Technology's interest expense for the three months ended in Mar. 2024 was NT$ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-5 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. Sitronix Technology's Operating Income for the three months ended in Mar. 2024 was NT$ 629 Mil. Sitronix Technology's Interest Expense for the three months ended in Mar. 2024 was NT$ -3 Mil. Sitronix Technology's Interest Coverage for the quarter that ended in Mar. 2024 was 242.64. 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.

Sitronix Technology Interest Expense Historical Data

The historical data trend for Sitronix Technology'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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Sitronix Technology Interest Expense Chart

Sitronix Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-9.27

-10.82

-7.09

-5.12

-3.92

Sitronix Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.88	-0.84	-0.83	-1.62	-2.59

Sitronix Technology 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 NT$-5 Mil.

Sitronix Technology (TPE:8016) 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.

Sitronix Technology's Interest Expense for the three months ended in Mar. 2024 was NT$-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$629 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$108 Mil.

Sitronix Technology'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	*	628.669	/	-2.591
	=	242.64

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. Sitronix Technology Corp has enough cash to cover all of its debt. Its financial situation is stable.

Sitronix Technology (TPE:8016) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sitronix Technology Corp (TPE:8016) » Definitions » Interest Expense

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Address

No. 5, Taiyuan 1st Street, 11th Floor-1, Hsinchu County, Jhubei, TWN, 302

Website

https://www.sitronix.com.tw

Sitronix Technology Corp is a Taiwan-based fabless semiconductor company that is principally engaged in developing, manufacturing, and selling display driver ICs. The company's major products are categorized into three types: mobile display driver ICs; industrial and automotive display driver ICs; and SoC, which refers to touch controller ICs. The company's products are mainly used in entry-level mobile phones, industrial displays, and automotive systems. Mobile display driver ICs account for over half of total revenue. The company has a business presence in Hong Kong, Vietnam, Taiwan, Korea, China and others.

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