Formosa Taffeta Co (TPE:1434) Interest Expense : NT$-335 Mil (TTM As of Dec. 2024)

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What is Formosa Taffeta Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Formosa Taffeta Co's interest expense for the three months ended in Dec. 2024 was NT$ -77 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was NT$-335 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 Taffeta Co's Operating Income for the three months ended in Dec. 2024 was NT$ 157 Mil. Formosa Taffeta Co's Interest Expense for the three months ended in Dec. 2024 was NT$ -77 Mil. Formosa Taffeta Co's Interest Coverage for the quarter that ended in Dec. 2024 was 2.05. 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 Taffeta Co Interest Expense Historical Data

The historical data trend for Formosa Taffeta 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.

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Formosa Taffeta Co Interest Expense Chart

Formosa Taffeta Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-161.69

-154.41

-221.69

-348.88

-335.40

Formosa Taffeta Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-88.99	-89.62	-87.25	-81.99	-76.53

Formosa Taffeta 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-335 Mil.

Formosa Taffeta Co (TPE:1434) 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 Taffeta Co's Interest Expense for the three months ended in Dec. 2024 was NT$-77 Mil. Its Operating Income for the three months ended in Dec. 2024 was NT$157 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was NT$8,951 Mil.

Formosa Taffeta Co's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	156.586	/	-76.532
	=	2.05

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

Formosa Taffeta Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Formosa Taffeta Co Ltd (TPE:1434) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

317, Shuliou RD, Touliou, TWN, 640

Website

http://www.ftc.com.tw

Formosa Taffeta Co Ltd is a Taiwan-based company that is principally involved in the textile industry. The Company is engaged in fiber dyeing and finishing, manufacturing, and sales of curtains. The company's business segments include the first business segment, which is involved in the production and sale of woven, dyeing & finishing products, and management of overseas subsidiaries' plants; the cord fabric segment, which produces and offers tire cords; the gasoline segment, which offers gasoline and car washing, and Other segments. The company generates maximum revenue through the Gasoline segment.

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