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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.

* Premium members only.

Formosa Taffeta Co Interest Expense Chart

Formosa Taffeta Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -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 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 -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.

* 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.


Formosa Taffeta Co  (TPE:1434) 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.

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

* 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.


Formosa Taffeta Co Business Description

Traded in Other Exchanges
N/A
Address
317, Shuliou RD, Touliou, TWN, 640
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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