Powernet Technologies (XKRX:037030) Interest Expense : ₩-1,500 Mil (TTM As of Mar. 2024)

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What is Powernet Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Powernet Technologies's interest expense for the three months ended in Mar. 2024 was ₩ -410 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-1,500 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. Powernet Technologies's Operating Income for the three months ended in Mar. 2024 was ₩ 2,599 Mil. Powernet Technologies's Interest Expense for the three months ended in Mar. 2024 was ₩ -410 Mil. Powernet Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 6.34. 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.

Powernet Technologies Interest Expense Historical Data

The historical data trend for Powernet Technologies'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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Powernet Technologies Interest Expense Chart

Powernet Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,725.09

-1,395.70

-1,685.06

-1,917.19

-1,448.61

Powernet Technologies 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															-358.50	-338.43	-332.24	-419.44	-409.97

Powernet Technologies 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 ₩-1,500 Mil.

Powernet Technologies (XKRX:037030) 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.

Powernet Technologies's Interest Expense for the three months ended in Mar. 2024 was ₩-410 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩2,599 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩125 Mil.

Powernet Technologies'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	*	2599.476	/	-409.974
	=	6.34

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

Powernet Technologies (XKRX:037030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Powernet Technologies Corp (XKRX:037030) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

70, Dusan-ro, 17th hyundai Knowledge Industry Center, Geumcheon-gu, Seoul, KOR, 153-813

Website

http://www.gopowernet.com

Powernet Technologies Corp engages in developing and manufacturing Switching Mode Power Supply (SMPS), a power supply device. It is used in all electric and electronic products such as industrial use, power generation use and medical use.

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