Kia (KIMTF) Interest Expense : $-108 Mil (TTM As of Mar. 2024)

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What is Kia Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kia's interest expense for the three months ended in Mar. 2024 was $ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-108 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. Kia's Operating Income for the three months ended in Mar. 2024 was $ 2,573 Mil. Kia's Interest Expense for the three months ended in Mar. 2024 was $ -27 Mil. Kia's Interest Coverage for the quarter that ended in Mar. 2024 was 95.73. 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.

Kia Interest Expense Historical Data

The historical data trend for Kia'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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Kia Interest Expense Chart

Kia Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-160.65

-214.42

-143.51

-180.11

-139.49

Kia 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															-57.94	-47.57	-30.68	-2.78	-26.87

Kia 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 $-108 Mil.

Kia (OTCPK:KIMTF) 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.

Kia's Interest Expense for the three months ended in Mar. 2024 was $-27 Mil. Its Operating Income for the three months ended in Mar. 2024 was $2,573 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $1,900 Mil.

Kia'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	*	2572.539	/	-26.874
	=	95.73

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Kia Corp has enough cash to cover all of its debt. Its financial situation is stable.

Kia (KIMTF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Kia Corp (OTCPK:KIMTF) » Definitions » Interest Expense

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000270:Korea

Address

12 Heolleung-ro, Seocho-gu, Seoul, KOR, 06797

Website

https://www.kia.com

Kia Corp is a Korean motor-vehicle manufacturer. While the company has factories in several countries, the majority of vehicles are manufactured domestically. The company's consolidated revenue is principally derived from the manufacture of passenger vehicles, with another third from recreational vehicles, and a small footprint in commercial vehicles. The three largest individual countries together constitute more than half of total retail sales, with the United States contributing the largest portion, followed closely by China and then Korea.