Ttet Union (TPE:1232) Interest Expense : NT$-18 Mil (TTM As of Mar. 2024)

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What is Ttet Union Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ttet Union's interest expense for the three months ended in Mar. 2024 was NT$ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-18 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. Ttet Union's Operating Income for the three months ended in Mar. 2024 was NT$ 331 Mil. Ttet Union's Interest Expense for the three months ended in Mar. 2024 was NT$ -6 Mil. Ttet Union's Interest Coverage for the quarter that ended in Mar. 2024 was 56.15. 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.

Ttet Union Interest Expense Historical Data

The historical data trend for Ttet Union'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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Ttet Union Interest Expense Chart

Ttet Union Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-10.45

-6.37

-4.93

-9.14

-15.12

Ttet Union Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.59	-2.34	-4.18	-6.01	-5.89

Ttet Union 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$-18 Mil.

Ttet Union (TPE:1232) 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.

Ttet Union's Interest Expense for the three months ended in Mar. 2024 was NT$-6 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$331 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$961 Mil.

Ttet Union'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	*	330.838	/	-5.892
	=	56.15

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

Ttet Union (TPE:1232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ttet Union Corp (TPE:1232) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

32 Gungye West Road, Erzhen Village,Guantian District, Tainan, TWN, 72048

Website

https://www.ttet.com.tw

Ttet Union Corp is a Taiwan based vegetable oil and protein product provider. The company is mainly engaged in the manufacture, sales, processing, import, and export of a variety of vegetable oils and fat, and engaged in cogeneration plant business, wholesale, and retailing of oils. The company's product portfolio includes soybean oil, canola oil, deep-frying oil, palm olein, soybean meal, dehulled high-protein soybean meal, soybean hull pellet, and high-protein soybean flake among others. Geographically, the majority is from Taiwan.

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