Chiangmai Frozen Foods PCL (BKK:CM) Interest Expense : ฿-5 Mil (TTM As of Dec. 2023)

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What is Chiangmai Frozen Foods PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chiangmai Frozen Foods PCL'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 ฿-5 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. Chiangmai Frozen Foods PCL's Operating Income for the three months ended in Dec. 2023 was ฿ 23 Mil. Chiangmai Frozen Foods PCL's Interest Expense for the three months ended in Dec. 2023 was ฿ -0 Mil. Chiangmai Frozen Foods PCL's Interest Coverage for the quarter that ended in Dec. 2023 was 65.49. 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.

Chiangmai Frozen Foods PCL Interest Expense Historical Data

The historical data trend for Chiangmai Frozen Foods PCL'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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Chiangmai Frozen Foods PCL Interest Expense Chart

Chiangmai Frozen Foods PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.22

-0.15

-3.93

-6.85

-5.01

Chiangmai Frozen Foods PCL 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															-2.05	-3.73	-0.58	-0.35	-0.35

Chiangmai Frozen Foods PCL 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 ฿-5 Mil.

Chiangmai Frozen Foods PCL (BKK:CM) 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.

Chiangmai Frozen Foods PCL'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 ฿23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ฿18 Mil.

Chiangmai Frozen Foods PCL's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	22.988	/	-0.351
	=	65.49

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

Chiangmai Frozen Foods PCL (BKK:CM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chiangmai Frozen Foods PCL (BKK:CM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Surawongse road, 149/34, Floor 3rd-4th, Soi Anglo Plaza, Surawongse, Bangrak, Bangkok, THA, 10500

Website

https://www.cmfrozen.com

Chiangmai Frozen Foods PCL is a Thailand-based company. It is engaged in the business of manufacturing and exporting frozen vegetables. Its product line consists of Soybeans, Green beans, Sweet corn, Baby corn, and Mixed vegetables. Geographically, the company sells its products in Thailand and also exports it to other countries, of which key revenue is generated from the export sales.