Rapidtek Technologies (ROCO:6980) Interest Expense : NT$-0.7 Mil (TTM As of Jun. 2024)

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What is Rapidtek Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rapidtek Technologies's interest expense for the six months ended in Jun. 2024 was NT$ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was NT$-0.7 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. Rapidtek Technologies's Operating Income for the six months ended in Jun. 2024 was NT$ -29.5 Mil. Rapidtek Technologies's Interest Expense for the six months ended in Jun. 2024 was NT$ -0.6 Mil. Rapidtek Technologies 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.

Rapidtek Technologies Interest Expense Historical Data

The historical data trend for Rapidtek Technologies'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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Rapidtek Technologies Interest Expense Chart

Rapidtek Technologies Annual Data

Trend

Dec21

Dec22

Dec23

Interest Expense

-1.21

-2.60

-1.44

Rapidtek Technologies Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial			-1.08	-1.52	-1.33	-0.10	-0.57

Rapidtek Technologies 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 semi-annually data reported by the company within the most recent 12 months, which was NT$-0.7 Mil.

Rapidtek Technologies (ROCO:6980) 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.

Rapidtek Technologies's Interest Expense for the six months ended in Jun. 2024 was NT$-0.6 Mil. Its Operating Income for the six months ended in Jun. 2024 was NT$-29.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was NT$24.2 Mil.

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

Rapidtek Technologies did not have earnings to cover the interest expense.

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

Rapidtek Technologies Business Description

Industry

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Traded in Other Exchanges

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Address

Xintai 5th Road, Rm. 4, 20th Floor, No. 75, Section 1, Xizhi District, New Taipei City, TWN

Website

https://www.rapidtek.net/en

Rapidtek Technologies Inc is an antenna designer and RF testing manufacturer. The company covers market areas that cover semiconductor IC design, electronic manufacturing, the electric vehicle industry, the Internet of Things, downstream of the medical industry, and others. The products and services offered by the company includes mWave Test Solution, SmartAuto, and Advance RF RD Center.

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