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Asia Cement (Asia Cement) Interest Expense : $-56.97 Mil (TTM As of Mar. 2024)


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What is Asia Cement Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asia Cement's interest expense for the three months ended in Mar. 2024 was $ -13.53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-56.97 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. Asia Cement's Operating Income for the three months ended in Mar. 2024 was $ 31.83 Mil. Asia Cement's Interest Expense for the three months ended in Mar. 2024 was $ -13.53 Mil. Asia Cement's Interest Coverage for the quarter that ended in Mar. 2024 was 2.35. 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.

Asia Cement Interest Expense Historical Data

The historical data trend for Asia Cement'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.

* Premium members only.

Asia Cement Interest Expense Chart

Asia Cement Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -60.17 -41.26 -32.23 -42.25 -56.72

Asia Cement Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.40 -14.19 -14.22 -15.03 -13.53

Asia Cement 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 $-56.97 Mil.

* 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.

Asia Cement  (OTCPK:AACMZ) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Asia Cement's Interest Expense for the three months ended in Mar. 2024 was $-13.53 Mil. Its Operating Income for the three months ended in Mar. 2024 was $31.83 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,550.25 Mil.

Asia Cement'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*31.828/-13.529
=2.35

* 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.

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

Asia Cement (Asia Cement) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement Corp (OTCPK:AACMZ) » Definitions » Interest Expense
Comparable Companies
TPE:1802 TPE:1101 TPE:2504 TPE:1104 TPE:9930 TPE:1103 TPE:1110 TPE:1109 TPE:1108 ROCO:5520 CRH XSWX:HOLN NSE:ULTRACEMCO VMC MLM SHSE:600585 NSE:GRASIM XKRX:003670 XTER:HEI BOM:500387
Traded in Other Exchanges
1102:Taiwan
Address
No. 207, Dunhua South Road, 30th-31st Floor, Section 2, Daan District, Taipei, TWN, 106
Website
https://www.acc.com.tw
Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries. The firm also provides a range of services that include industrial plant development, real estate, real estate leasing, warehousing, parking management, waste disposal, and international trade. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, plaster, and silica sand. The majority of revenue comes from Taiwan and China. Its reportable segments are as follows: Cement, electric power, investment, engineering, transportation, stainless steel, and leasing.

Asia Cement (Asia Cement) Headlines

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