Planet Technology (ROCO:6263) Interest Expense : NT$-2 Mil (TTM As of Jun. 2024)

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What is Planet Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Planet Technology's interest expense for the three months ended in Jun. 2024 was NT$ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was NT$-2 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. Planet Technology's Operating Income for the three months ended in Jun. 2024 was NT$ 170 Mil. Planet Technology's Interest Expense for the three months ended in Jun. 2024 was NT$ -1 Mil. Planet Technology's Interest Coverage for the quarter that ended in Jun. 2024 was 242.95. 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.

Planet Technology Interest Expense Historical Data

The historical data trend for Planet Technology'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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Planet Technology Interest Expense Chart

Planet Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.66

-0.55

-0.65

-0.38

-0.96

Planet Technology Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.04	-0.09	-0.76	-0.73	-0.70

Planet Technology 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-2 Mil.

Planet Technology (ROCO:6263) 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.

Planet Technology's Interest Expense for the three months ended in Jun. 2024 was NT$-1 Mil. Its Operating Income for the three months ended in Jun. 2024 was NT$170 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was NT$100 Mil.

Planet Technology's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	170.306	/	-0.701
	=	242.95

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. Planet Technology Corp has enough cash to cover all of its debt. Its financial situation is stable.

Planet Technology Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Planet Technology Corp (ROCO:6263) » Definitions » Interest Expense

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Address

10th Floor, No. 96, Minquan Road, Xindian District, New Taipei, TWN, 231

Website

https://www.planet.com.tw

Planet Technology Corp is a provider of networking products and solutions for small-to-medium-sized businesses, enterprises, and SOHO markets. It provides LAN switches and switch accessories; passive optical network products; power over Ethernet (POE) products, and media converters, as well as renewable energy POE systems and industrial POE products; and media conversion products.

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