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Victory New Materials Co (TPE:1340) Interest Expense : NT$-2.9 Mil (TTM As of Sep. 2024)


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What is Victory New Materials Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Victory New Materials Co's interest expense for the three months ended in Sep. 2024 was NT$ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was NT$-2.9 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. Victory New Materials Co's Operating Income for the three months ended in Sep. 2024 was NT$ -104.2 Mil. Victory New Materials Co's Interest Expense for the three months ended in Sep. 2024 was NT$ -1.0 Mil. Victory New Materials Co 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.

Victory New Materials Co Interest Expense Historical Data

The historical data trend for Victory New Materials 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.

* Premium members only.

Victory New Materials Co Interest Expense Chart

Victory New Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.57 -2.05 -0.60 -1.02 -0.39

Victory New Materials Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.07 - -0.93 -0.97 -0.98

Victory New Materials 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-2.9 Mil.

* 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.

Victory New Materials Co  (TPE:1340) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Victory New Materials Co's Interest Expense for the three months ended in Sep. 2024 was NT$-1.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was NT$-104.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was NT$194.0 Mil.

Victory New Materials Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Victory New Materials Co did not have earnings to cover the interest expense.

* 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.

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

Victory New Materials Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Victory New Materials Ltd Co (TPE:1340) » Definitions » Interest Expense
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ROCO:4303 TPE:8443 ROCO:9950 TPE:8404 NKE XTER:ADS DECK ONON SZSE:300979 SKX BIRK TSE:7936 TPE:9910 CROX HKSE:01910 BOM:530517 TPE:9904 SHOO BOM:500043 SHSE:603477
Traded in Other Exchanges
N/A
Address
Lianyu Industrial Zone, Qingyang, Fujian Province, Jinjiang, CHN
Website
https://www.vnm.com.tw
Victory New Materials Ltd Co engages in the research and development, manufacture, and sale of new polymer materials used in sports shoe soles and sole materials. Its products include rubber sole, monochrome soles, two-color dual-hardness soles, and color dual-density soles. The company also provides rubber foam soles and EVO granules, as well as finished shoes. The company's reportable segments are sales of shoe soles which generates key revenue, leasing business, and investment holding.

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