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Chokwang Paint (XKRX:004910) Interest Expense : ₩-9,224 Mil (TTM As of Mar. 2024)


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What is Chokwang Paint Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chokwang Paint's interest expense for the three months ended in Mar. 2024 was ₩ -2,154 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-9,224 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. Chokwang Paint's Operating Income for the three months ended in Mar. 2024 was ₩ -592 Mil. Chokwang Paint's Interest Expense for the three months ended in Mar. 2024 was ₩ -2,154 Mil. Chokwang Paint did not have earnings to cover the interest expense. 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.


Chokwang Paint Interest Expense Historical Data

The historical data trend for Chokwang Paint'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.

Chokwang Paint Interest Expense Chart

Chokwang Paint Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2,544.72 -1,949.84 -1,843.65 -4,966.89 -9,218.20

Chokwang Paint 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,888.20 -1,810.26 -2,378.29 -2,880.83 -2,154.16

Chokwang Paint 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 ₩-9,224 Mil.

* 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.


Chokwang Paint  (XKRX:004910) Interest Expense Explanation

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. The higher, the better.

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

Chokwang Paint's Interest Expense for the three months ended in Mar. 2024 was ₩-2,154 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩-592 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩97,239 Mil.

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

Chokwang Paint did not have earnings to cover the interest expense.

* 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.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Chokwang Paint Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Chokwang Paint (XKRX:004910) Business Description

Traded in Other Exchanges
N/A
Address
379-1 Samrak-dong, Sasang-gu, Busan, KOR, 617-070
Chokwang Paint Ltd is a South Korean company engaged in manufacturing of general paints and similar products. The products of the company are floor paint, water repellent, residential paint, industrial paint, and carpentry paint.

Chokwang Paint (XKRX:004910) Headlines

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