Ina Energy (ROCO:6987) Interest Expense : NT$-54.6 Mil (TTM As of Jun. 2024)

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What is Ina Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ina Energy's interest expense for the six months ended in Jun. 2024 was NT$ -29.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was NT$-54.6 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. Ina Energy's Operating Income for the six months ended in Jun. 2024 was NT$ 155.4 Mil. Ina Energy's Interest Expense for the six months ended in Jun. 2024 was NT$ -29.0 Mil. Ina Energy's Interest Coverage for the quarter that ended in Jun. 2024 was 5.36. 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.

Ina Energy Interest Expense Historical Data

The historical data trend for Ina Energy'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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Ina Energy Interest Expense Chart

Ina Energy Annual Data

Trend

Dec22

Dec23

Interest Expense

-5.22

-39.42

Ina Energy Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Interest Expense	-	-13.75	-25.67	-28.98

Ina Energy 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$-54.6 Mil.

Ina Energy (ROCO:6987) 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.

Ina Energy's Interest Expense for the six months ended in Jun. 2024 was NT$-29.0 Mil. Its Operating Income for the six months ended in Jun. 2024 was NT$155.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was NT$4,676.4 Mil.

Ina Energy'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	*	155.443	/	-28.98
	=	5.36

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Ina Energy Corp interest coverage is 4.23, which is low.

Ina Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Ina Energy Corp (ROCO:6987) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 463, Xingshan Road, 114, 8th Floor, Neihu District, Taipei, TWN

Website

https://www.inaenergy.com.tw

Ina Energy Corp is focused on the development and construction of solar power plants. It combines the professional strength of all parties - from the development, design, procurement, and construction to subsequent operation and maintenance of the project site, it all adheres to the coexistence with the land. As a professional renewable energy service provider, It has become the most trustworthy partner for enterprises in achieving short, medium and long-term carbon reduction goals with its rich practical experience.

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