Asian Sea PCL (BKK:ASIAN) Interest Expense : ฿-25 Mil (TTM As of Mar. 2024)

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What is Asian Sea PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asian Sea PCL's interest expense for the three months ended in Mar. 2024 was ฿ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ฿-25 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. Asian Sea PCL's Operating Income for the three months ended in Mar. 2024 was ฿ 290 Mil. Asian Sea PCL's Interest Expense for the three months ended in Mar. 2024 was ฿ -4 Mil. Asian Sea PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 70.96. 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.

Asian Sea PCL Interest Expense Historical Data

The historical data trend for Asian Sea 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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Asian Sea PCL Interest Expense Chart

Asian Sea PCL Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-103.22

-76.74

-67.80

-71.65

-29.42

Asian Sea PCL 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															-8.81	-6.65	-8.96	-4.99	-4.09

Asian Sea 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿-25 Mil.

Asian Sea PCL (BKK:ASIAN) 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.

Asian Sea PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ฿290 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ฿110 Mil.

Asian Sea PCL'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	*	289.997	/	-4.087
	=	70.96

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

Asian Sea PCL (BKK:ASIAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asian Sea Corp PCL (BKK:ASIAN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

55/2 Moo 2 Rama 2 Road, Bangkrajao, Muang, Samutsakhon, THA, 74000

Website

https://asiansea.co.th

Asian Sea Corp PCL is principally engaged in the production of processed frozen seafood and the provision of cold storage services. The company operates in various segments that include Frozen and packaged food products, Feedstuff, and Other business in cold storage services. The Feedstuff segment earns the maximum revenue for the company. Its product line consists of raw shrimps, cooked shrimps, squids, cuttlefish, octopuses, tuna, and pre-fried, deep-fried, and grilled seafood. It distributes products under the brand names TCC, ASS, Sakura, and Asian Seafood among others. Geographically, it derives a majority of its revenue from the United States of America.

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