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China Steel Chemical (TPE:1723) Interest Expense : NT$-15 Mil (TTM As of Mar. 2024)


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What is China Steel Chemical Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. China Steel Chemical's interest expense for the three months ended in Mar. 2024 was NT$ -5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-15 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. China Steel Chemical's Operating Income for the three months ended in Mar. 2024 was NT$ 277 Mil. China Steel Chemical's Interest Expense for the three months ended in Mar. 2024 was NT$ -5 Mil. China Steel Chemical's Interest Coverage for the quarter that ended in Mar. 2024 was 59.70. 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.

China Steel Chemical Interest Expense Historical Data

The historical data trend for China Steel Chemical'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.

China Steel Chemical Interest Expense Chart

China Steel Chemical 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 -26.19 -29.80 -29.53 -25.65 -18.56

China Steel Chemical 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 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 -7.74 -4.48 -5.41 -0.93 -4.65

China Steel Chemical 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$-15 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.

China Steel Chemical  (TPE:1723) 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.

China Steel Chemical's Interest Expense for the three months ended in Mar. 2024 was NT$-5 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$277 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$1,061 Mil.

China Steel Chemical'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*277.494/-4.648
=59.70

* 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.

China Steel Chemical (TPE:1723) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » China Steel Chemical Corp (TPE:1723) » Definitions » Interest Expense
Comparable Companies
TPE:1773 TPE:1313 TPE:1710 TPE:1312 TPE:1718 TPE:1709 TPE:1714 TPE:1310 TPE:1708 TPE:1721 SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 CE XKRX:086520 XKLS:5183
Traded in Other Exchanges
N/A
Address
No. 88, Chengong 2nd Road, 25th Floor, Qianzhen District, Kaohsiung, TWN
Website
https://www.cscc.com.tw
China Steel Chemical Corp is engaged in the production, processing, and sales of coal tar distillation products, Naphtha products, and coke products. Besides, it also trades related upstream and downstream products. The firm operates in three segments. The CSCC/CCSCM segment which derives the majority of revenue engages in the production and marketing of chemical products. EGI/CSCCC segment engages in the trade of chemical products. EWI segment engages in investment holding.

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