Proxene Tools Co (ROCO:6904) Interest Expense : NT$-6.2 Mil (TTM As of Mar. 2024)

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What is Proxene Tools Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Proxene Tools Co's interest expense for the three months ended in Mar. 2024 was NT$ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-6.2 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. Proxene Tools Co's Operating Income for the three months ended in Mar. 2024 was NT$ 53.1 Mil. Proxene Tools Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -1.2 Mil. Proxene Tools Co's Interest Coverage for the quarter that ended in Mar. 2024 was 44.93. 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.

Proxene Tools Co Interest Expense Historical Data

The historical data trend for Proxene Tools 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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Proxene Tools Co Interest Expense Chart

Proxene Tools Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-4.06

-2.97

-2.59

-5.17

-6.68

Proxene Tools Co Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial								-1.68	-1.75	-1.68	-1.57	-1.18

Proxene Tools 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-6.2 Mil.

Proxene Tools Co (ROCO:6904) 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.

Proxene Tools Co's Interest Expense for the three months ended in Mar. 2024 was NT$-1.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$53.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$214.6 Mil.

Proxene Tools Co'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	*	53.111	/	-1.182
	=	44.93

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

Proxene Tools Co (ROCO:6904) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Proxene Tools Co Ltd (ROCO:6904) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 35, Alley 28, Lane 360, Zhongshan Road, Shengang District, Taichung City, TWN, 42947

Website

https://www.proxene.com.tw

Proxene Tools Co Ltd engages in the manufacturing and exporting of adjustable angle wrenches in Taiwan. It offers industrial hand tools manufacturing adjustable wrench hand tools, wrenches, Industrial Video Borescope, Diagnostic equipment, and Car care products.

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