Welltend Technology (TPE:3021) Interest Expense

: NT$-10 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Welltend Technology's interest expense for the three months ended in Dec. 2023 was NT$ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NT$-10 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. Welltend Technology's Operating Income for the three months ended in Dec. 2023 was NT$ 86 Mil. Welltend Technology's Interest Expense for the three months ended in Dec. 2023 was NT$ -3 Mil. Welltend Technology's Interest Coverage for the quarter that ended in Dec. 2023 was 25.37. 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.

Welltend Technology Interest Expense Historical Data

The historical data trend for Welltend Technology'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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Welltend Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-9.00

-8.79

-9.60

-11.23

-13.27

Welltend Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense																-3.06	-3.17	-3.30	-3.22	-3.39

Welltend Technology 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 NT$-10 Mil.

Welltend Technology (TPE:3021) 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.

Welltend Technology's Interest Expense for the three months ended in Dec. 2023 was NT$-3 Mil. Its Operating Income for the three months ended in Dec. 2023 was NT$86 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was NT$19 Mil.

Welltend Technology'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	*	86.093	/	-3.393
	=	25.37

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

Welltend Technology (TPE:3021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Welltend Technology Corp (TPE:3021) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

6F, No.59, Dongxing Road, Taipei, TWN

Website

https://www.welltend.com.tw

Welltend Technology Corp is mainly engaged in the research and development, production and sales of computers, home appliances, automobiles, business-related parts, and components. The Group is divided into two operating segments: Information Service Department and the Wire & Connectors Department. The main business of the Information Service Department is the integrated planning and implementation of information systems and consulting services. The main business of the Wire & Connectors Department is the production and sale of computer peripherals, smart home appliances, communication equipment, and game consoles.

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