ICH Co (XKRX:368600) Interest Expense : ₩-3,520 Mil (TTM As of Mar. 2024)

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What is ICH Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ICH Co's interest expense for the three months ended in Mar. 2024 was ₩ -980 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-3,520 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. ICH Co's Operating Income for the three months ended in Mar. 2024 was ₩ 2,126 Mil. ICH Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -980 Mil. ICH Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.17. 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.

ICH Co Interest Expense Historical Data

The historical data trend for ICH 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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ICH Co Interest Expense Chart

ICH Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-284.37

-450.65

-583.55

-411.73

-3,033.46

ICH Co Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-492.67	-804.38	-842.64	-893.78	-979.51

ICH 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-3,520 Mil.

ICH Co (XKRX:368600) 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.

ICH Co's Interest Expense for the three months ended in Mar. 2024 was ₩-980 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩2,126 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩41,215 Mil.

ICH Co'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	*	2125.819	/	-979.509
	=	2.17

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. ICH Co Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

ICH Co (XKRX:368600) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ICH Co Ltd (XKRX:368600) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

13, Humsaejeonli-gil, Gyeonggi-do, Dangjeong-dong, Gunpo-si, KOR

Website

http://www.ch-ich.com

ICH Co Ltd is a company specializing in cutting-edge film-type circuit materials. It develops raw materials that are essential for various IT electrical and electronic devices and structure them in a multi-layered structure. The company produces thin film antennas, electromagnetic shielding gaskets, and other products.

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