Nankang Rubber Tire (TPE:2101) Interest Expense : NT$-178 Mil (TTM As of Dec. 2024)

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What is Nankang Rubber Tire Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nankang Rubber Tire's interest expense for the three months ended in Dec. 2024 was NT$ -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was NT$-178 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. Nankang Rubber Tire's Operating Income for the three months ended in Dec. 2024 was NT$ 95 Mil. Nankang Rubber Tire's Interest Expense for the three months ended in Dec. 2024 was NT$ -45 Mil. Nankang Rubber Tire's Interest Coverage for the quarter that ended in Dec. 2024 was 2.11. 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.

Nankang Rubber Tire Interest Expense Historical Data

The historical data trend for Nankang Rubber Tire'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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Nankang Rubber Tire Interest Expense Chart

Nankang Rubber Tire Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-99.23

-92.24

-126.70

-177.80

-177.57

Nankang Rubber Tire 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															-45.02	-43.38	-43.65	-45.76	-44.78

Nankang Rubber Tire 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$-178 Mil.

Nankang Rubber Tire (TPE:2101) 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.

Nankang Rubber Tire's Interest Expense for the three months ended in Dec. 2024 was NT$-45 Mil. Its Operating Income for the three months ended in Dec. 2024 was NT$95 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was NT$12,588 Mil.

Nankang Rubber Tire'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	*	94.602	/	-44.783
	=	2.11

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

Nankang Rubber Tire Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nankang Rubber Tire Corp Ltd (TPE:2101) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Jen Ai Road, Suite 608, Floor 6, Number. 136, Sec. 3, Taipei, TWN

Website

https://www.nankang-tyre.com

Nankang Rubber Tire Corp Ltd manufactures and sells tires and rubber supplies. The products offered by the company include Light truck series, Truck/Trailer series, Motorsport, Car series, and others. Its geographical segments are Taiwan, China, the United States, Europe, Other regions in Asia, and Others. The company derives maximum revenue from Europe.

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