Formosa Plastics (TPE:1301) Interest Expense : NT$-2,114 Mil (TTM As of Dec. 2023)

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What is Formosa Plastics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Formosa Plastics's interest expense for the three months ended in Dec. 2023 was NT$ -667 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was NT$-2,114 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. Formosa Plastics's Operating Income for the three months ended in Dec. 2023 was NT$ -1,720 Mil. Formosa Plastics's Interest Expense for the three months ended in Dec. 2023 was NT$ -667 Mil. Formosa Plastics 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.

Formosa Plastics Interest Expense Historical Data

The historical data trend for Formosa Plastics'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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Formosa Plastics Interest Expense Chart

Formosa Plastics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1,359.11

-1,206.99

-790.44

-1,037.05

-2,113.97

Formosa Plastics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-386.75	-436.51	-457.92	-552.76	-666.78

Formosa Plastics 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-2,114 Mil.

Formosa Plastics (TPE:1301) 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.

Formosa Plastics's Interest Expense for the three months ended in Dec. 2023 was NT$-667 Mil. Its Operating Income for the three months ended in Dec. 2023 was NT$-1,720 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was NT$57,322 Mil.

Formosa Plastics's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Formosa Plastics did not have earnings to cover the interest expense.

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

Formosa Plastics (TPE:1301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Plastics Corp (TPE:1301) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 100, Shuiguan Road, Renwu District, Kaohsiung, TWN, 814

Website

http://www.fpc.com.tw

Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in six reportable segments: Plastics, Polyolefins, Polypropylene, Tairylan, Chemistry, and Others. The company's products run the gambit of major petrochemicals and plastics. These are used in daily necessities, outdoor sports, mechanical industry, building material coating, and other applications. The company operates primarily in Asia, including Taiwan, mainland China, among others.

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