Inventage Lab (XKRX:389470) Interest Expense : ₩-862.0 Mil (TTM As of Mar. 2024)

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What is Inventage Lab Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Inventage Lab's interest expense for the three months ended in Mar. 2024 was ₩ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-862.0 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. Inventage Lab's Operating Income for the three months ended in Mar. 2024 was ₩ 95.6 Mil. Inventage Lab's Interest Expense for the three months ended in Mar. 2024 was ₩ 0.0 Mil. Inventage Lab 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.

Inventage Lab Interest Expense Historical Data

The historical data trend for Inventage Lab'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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Inventage Lab Interest Expense Chart

Inventage Lab Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-92.08

-132.47

-110.47

-103.35

-883.08

Inventage Lab Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-21.08	-47.16	-392.04	-422.81	-

Inventage Lab 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 ₩-862.0 Mil.

Inventage Lab (XKRX:389470) 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.

Inventage Lab's Interest Expense for the three months ended in Mar. 2024 was ₩0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩95.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩0.0 Mil.

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

Inventage Lab had no long-term debt ⁽¹⁾.

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

Inventage Lab (XKRX:389470) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Inventage Lab Inc (XKRX:389470) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

24, Dunchon-daero 388 beon-gil, 612, Woolim Lions Valley 3, Jungwon-gu, Gyeonggi-do, Seongnam-si, KOR, 13403

Website

https://www.inventagelab.com

Inventage Lab Inc operates medical technology development businesses. It engages in the development of an innovative Drug Delivery System (DDS). It has developed Laminar FluiDigm, a microfluidics-based novel platform technology that builds the foundation for IVL- DrugFluidic and IVL-GeneFluidic, which are specific platform technologies used for developing and manufacturing long-acting injectables and gene-delivery therapeutics.

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