Tang Eng Iron Works Co (ROCO:2035) Interest Expense : NT$-154 Mil (TTM As of Sep. 2024)

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What is Tang Eng Iron Works Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tang Eng Iron Works Co's interest expense for the three months ended in Sep. 2024 was NT$ -42 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was NT$-154 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. Tang Eng Iron Works Co's Operating Income for the three months ended in Sep. 2024 was NT$ -265 Mil. Tang Eng Iron Works Co's Interest Expense for the three months ended in Sep. 2024 was NT$ -42 Mil. Tang Eng Iron Works Co did not have earnings to cover the interest expense. 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.

Tang Eng Iron Works Co Interest Expense Historical Data

The historical data trend for Tang Eng Iron Works Co'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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Tang Eng Iron Works Co Interest Expense Chart

Tang Eng Iron Works Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-94.51

-92.68

-85.85

-99.17

-134.65

Tang Eng Iron Works Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-33.43	-35.70	-36.70	-39.49	-41.91

Tang Eng Iron Works Co 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-154 Mil.

Tang Eng Iron Works Co (ROCO:2035) 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.

Tang Eng Iron Works Co's Interest Expense for the three months ended in Sep. 2024 was NT$-42 Mil. Its Operating Income for the three months ended in Sep. 2024 was NT$-265 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was NT$6,650 Mil.

Tang Eng Iron Works Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Tang Eng Iron Works Co did not have earnings to cover the interest expense.

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

Tang Eng Iron Works Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tang Eng Iron Works Co Ltd (ROCO:2035) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No.4 Yen Hai 2nd Road, Xiaogang District, Hsiao Kang, Kaohsiung, TWN, 81260

Website

https://www.tangeng.com.tw

Tang Eng Iron Works Co Ltd is engaged in the production and distribution of stainless steel products in Taiwan. It produces stainless steel, including AISI 200, AISI 300, and 400 grades of steel billet as well as hot and cold rolled steel coil.

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