Samwon Steel Co (XKRX:023000) Interest Expense : ₩-2 Mil (TTM As of Dec. 2023)

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What is Samwon Steel Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Samwon Steel Co's interest expense for the three months ended in Dec. 2023 was ₩ 0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₩-2 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. Samwon Steel Co's Operating Income for the three months ended in Dec. 2023 was ₩ 3,657 Mil. Samwon Steel Co's Interest Expense for the three months ended in Dec. 2023 was ₩ 0 Mil. Samwon Steel Co has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term 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.

Samwon Steel Co Interest Expense Historical Data

The historical data trend for Samwon Steel Co'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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Samwon Steel Co Interest Expense Chart

Samwon Steel Co Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-123.87

-38.57

-4.87

-15.94

-2.11

Samwon Steel Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.01	-1.97	-0.14	-	-

Samwon Steel Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-2 Mil.

Samwon Steel Co (XKRX:023000) 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.

Samwon Steel Co's Interest Expense for the three months ended in Dec. 2023 was ₩0 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₩3,657 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₩0 Mil.

Samwon Steel Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Samwon Steel Co had no long-term debt ⁽¹⁾.

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

Good Sign:

Samwon Steel Co Ltd has no debt.

Samwon Steel Co (XKRX:023000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Samwon Steel Co Ltd (XKRX:023000) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

752, Daegak-ri, Daesong-Myeon, Nam-Gu, Gyeongsangbuk-do, Pohang, North Gyeongsang, KOR, 790-841

Website

http://www.samwon-steel.co.kr

Samwon Steel Co Ltd is a South Korea based supplier of spring materials. The company manufactures laminated springs, wire rod, torsion bars, steel pipes for automobiles. It is also engaged in research and development of lightweight and high-stress resistant materials.

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