Nantex Industry Co (TPE:2108) Interest Expense : NT$-6 Mil (TTM As of Mar. 2024)

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What is Nantex Industry Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nantex Industry Co's interest expense for the three months ended in Mar. 2024 was NT$ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-6 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. Nantex Industry Co's Operating Income for the three months ended in Mar. 2024 was NT$ 167 Mil. Nantex Industry Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -2 Mil. Nantex Industry Co's Interest Coverage for the quarter that ended in Mar. 2024 was 108.47. 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.

Nantex Industry Co Interest Expense Historical Data

The historical data trend for Nantex 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.

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Nantex Industry Co Interest Expense Chart

Nantex Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.58

-4.13

-3.48

-2.72

-4.98

Nantex Industry Co 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															-0.67	-1.09	-1.65	-1.57	-1.54

Nantex 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$-6 Mil.

Nantex Industry Co (TPE:2108) 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.

Nantex Industry Co's Interest Expense for the three months ended in Mar. 2024 was NT$-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$167 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$195 Mil.

Nantex 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	*	167.156	/	-1.541
	=	108.47

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Nantex Industry Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Nantex Industry Co (TPE:2108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nantex Industry Co Ltd (TPE:2108) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No.9, Industrial 1st Road, Lin-Yuan, Kaohsiung, TWN, 832

Website

https://www.nantex.com.tw

Nantex Industry Co Ltd products are mainly used in manufacturing paper products, construction materials, and artificial leather products. Applications include automobile parts, sports equipment, electronic components, industrial products, and medical gloves. Nantex's latex products for other applications include paper coating, carpet backing, cement modification, and shoe insoles. The company's business activities are largely exposed to markets in Asian regions.

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