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Cheng Shin Rubber Industry Co (TPE:2105) Interest Expense : NT$-852 Mil (TTM As of Mar. 2024)


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What is Cheng Shin Rubber Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Cheng Shin Rubber Industry Co's interest expense for the three months ended in Mar. 2024 was NT$ -242 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-852 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. Cheng Shin Rubber Industry Co's Operating Income for the three months ended in Mar. 2024 was NT$ 2,713 Mil. Cheng Shin Rubber Industry Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -242 Mil. Cheng Shin Rubber Industry Co's Interest Coverage for the quarter that ended in Mar. 2024 was 11.19. 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.

Cheng Shin Rubber Industry Co Interest Expense Historical Data

The historical data trend for Cheng Shin Rubber Industry 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.

Cheng Shin Rubber Industry Co Interest Expense Chart

Cheng Shin Rubber Industry Co Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,792.31 -1,719.85 -1,026.42 -530.60 -779.99

Cheng Shin Rubber Industry Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 -280.27 -302.18 -305.39 -303.90 -242.46

Cheng Shin Rubber Industry 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-852 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.

Cheng Shin Rubber Industry Co  (TPE:2105) 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.

Cheng Shin Rubber Industry Co's Interest Expense for the three months ended in Mar. 2024 was NT$-242 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$2,713 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$28,811 Mil.

Cheng Shin Rubber Industry Co'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*2713.158/-242.462
=11.19

* 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.

Cheng Shin Rubber Industry Co (TPE:2105) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cheng Shin Rubber Industry Co Ltd (TPE:2105) » Definitions » Interest Expense
Comparable Companies
TPE:1319 TPE:2101 TPE:2106 TPE:6605 TPE:2231 TPE:1536 ROCO:8255 TPE:5306 ROCO:6279 TPE:4551 TSE:6902 MBLY TSE:5108 APTV XPAR:ML XKRX:012330 ISX:ASII TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
N/A
Address
No. 215, Meigang Road, Dacun Township, Changhua, TWN, 51545
Website
https://www.cst.com.tw
Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and other rubber products and the manufacturing and trading of various rubber products and relevant rubber machinery. The main sources of sales revenue are from the assembly plants and dealers. Its geographical segments are Taiwan, China, the United States, and Others.

Cheng Shin Rubber Industry Co (TPE:2105) Headlines

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