Sermsang Power PCL (BKK:SSP) Interest Expense : ฿-660 Mil (TTM As of Dec. 2023)

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What is Sermsang Power PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sermsang Power PCL's interest expense for the three months ended in Dec. 2023 was ฿ -169 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ฿-660 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. Sermsang Power PCL's Operating Income for the three months ended in Dec. 2023 was ฿ 234 Mil. Sermsang Power PCL's Interest Expense for the three months ended in Dec. 2023 was ฿ -169 Mil. Sermsang Power PCL's Interest Coverage for the quarter that ended in Dec. 2023 was 1.38. 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.

Sermsang Power PCL Interest Expense Historical Data

The historical data trend for Sermsang Power 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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Sermsang Power PCL Interest Expense Chart

Sermsang Power PCL Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-201.64

-313.72

-356.02

-561.32

-660.19

Sermsang Power 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															-194.69	-159.68	-161.20	-170.19	-169.11

Sermsang Power 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 ฿-660 Mil.

Sermsang Power PCL (BKK:SSP) 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.

Sermsang Power PCL's Interest Expense for the three months ended in Dec. 2023 was ฿-169 Mil. Its Operating Income for the three months ended in Dec. 2023 was ฿234 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ฿10,603 Mil.

Sermsang Power 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	*	233.863	/	-169.113
	=	1.38

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

Sermsang Power PCL (BKK:SSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sermsang Power Corporation PCL (BKK:SSP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

325/14 Lan Luang Road, Si Yaek Mahanak, Dusit, Bangkok, THA, 10300

Website

https://www.sermsang.com

Sermsang Power Corporation PCL is engaged in investment, consultancy, and provision of services for energy businesses to related parties. The company's operating segments are production and distribution of electricity from solar plants, Electricity distribution and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from a biomass power plant, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.