Shinkong Synthetic Fiber (TPE:1409) Interest Expense : NT$-1,831 Mil (TTM As of Mar. 2024)

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What is Shinkong Synthetic Fiber Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shinkong Synthetic Fiber's interest expense for the three months ended in Mar. 2024 was NT$ -491 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-1,831 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. Shinkong Synthetic Fiber's Operating Income for the three months ended in Mar. 2024 was NT$ 935 Mil. Shinkong Synthetic Fiber's Interest Expense for the three months ended in Mar. 2024 was NT$ -491 Mil. Shinkong Synthetic Fiber's Interest Coverage for the quarter that ended in Mar. 2024 was 1.90. 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.

Shinkong Synthetic Fiber Interest Expense Historical Data

The historical data trend for Shinkong Synthetic Fiber'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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Shinkong Synthetic Fiber Interest Expense Chart

Shinkong Synthetic Fiber Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec22

Dec23

Interest Expense

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-764.46

-692.44

-1,032.31

-1,732.21

Shinkong Synthetic Fiber 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															-392.26	-415.01	-446.32	-478.63	-490.90

Shinkong Synthetic Fiber 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$-1,831 Mil.

Shinkong Synthetic Fiber (TPE:1409) 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.

Shinkong Synthetic Fiber's Interest Expense for the three months ended in Mar. 2024 was NT$-491 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$935 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$23,665 Mil.

Shinkong Synthetic Fiber'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	*	934.53	/	-490.895
	=	1.90

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. Shinkong Synthetic Fiber Corp interest coverage is 1.77, which is low.

Shinkong Synthetic Fiber (TPE:1409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shinkong Synthetic Fiber Corp (TPE:1409) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136, Ren Ai Road, Section 3, Lotus Building, 5th Floor, Da An District, Taipei, TWN, 10657

Website

http://www.shinkong.com.tw

Shinkong Synthetic Fiber Corp is a Taiwan-based company that is principally engaged in the production and distribution of chemical fiber products and plastic products. The company's chemical fiber products include polyester staple fibers, polyester filaments, industrial yarn, draw textured yarn, and others. The plastic products consist of polyester resin, bottle grade resin, PET bottle preforms, PET bottles, Engineering polymers, and PE sheets. The company generates the majority of its total revenue from chemical fiber products and plastic products. The company mainly conducts operations in Asia and Europe and generates the majority of its total revenue from the Asia market.

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