United Microelectronics (United Microelectronics) Interest Expense : $-47 Mil (TTM As of Dec. 2023)

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What is United Microelectronics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. United Microelectronics's interest expense for the three months ended in Dec. 2023 was $ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-47 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. United Microelectronics's Operating Income for the three months ended in Dec. 2023 was $ 392 Mil. United Microelectronics's Interest Expense for the three months ended in Dec. 2023 was $ -13 Mil. United Microelectronics's Interest Coverage for the quarter that ended in Dec. 2023 was 29.67. 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.

United Microelectronics Interest Expense Historical Data

The historical data trend for United Microelectronics'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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United Microelectronics Interest Expense Chart

United Microelectronics Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-96.96

-71.07

-67.32

-58.24

-47.16

United Microelectronics 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															-13.58	-10.53	-10.18	-13.27	-13.22

United Microelectronics 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 $-47 Mil.

United Microelectronics (NYSE:UMC) 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.

United Microelectronics's Interest Expense for the three months ended in Dec. 2023 was $-13 Mil. Its Operating Income for the three months ended in Dec. 2023 was $392 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $1,604 Mil.

United Microelectronics'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	*	392.228	/	-13.221
	=	29.67

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

United Microelectronics (United Microelectronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Microelectronics Corp (NYSE:UMC) » Definitions » Interest Expense

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2303:Taiwan UMC:Mexico UMCB:Germany

Address

No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.umc.com

Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2022 after TSMC and GlobalFoundries. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the U.S. and South Korea. UMC features a diverse customer base including Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.