CMC Magnetics (TPE:2323) Interest Expense : NT$-99 Mil (TTM As of Mar. 2024)

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What is CMC Magnetics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CMC Magnetics's interest expense for the three months ended in Mar. 2024 was NT$ -26 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-99 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. CMC Magnetics's Operating Income for the three months ended in Mar. 2024 was NT$ -61 Mil. CMC Magnetics's Interest Expense for the three months ended in Mar. 2024 was NT$ -26 Mil. CMC Magnetics did not have earnings to cover the interest expense. 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.

CMC Magnetics Interest Expense Historical Data

The historical data trend for CMC Magnetics'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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CMC Magnetics Interest Expense Chart

CMC Magnetics Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-44.96

-49.60

-56.77

-63.47

-97.19

CMC Magnetics 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															-24.37	-24.07	-22.32	-26.44	-25.88

CMC Magnetics 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$-99 Mil.

CMC Magnetics (TPE:2323) 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.

CMC Magnetics's Interest Expense for the three months ended in Mar. 2024 was NT$-26 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$-61 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$2,926 Mil.

CMC Magnetics's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

CMC Magnetics did not have earnings to cover the interest expense.

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

CMC Magnetics (TPE:2323) Business Description

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Address

53, Ming Chuan West Road, 15th Floor, Taipei, TWN

Website

https://www.cmcnet.com.tw

CMC Magnetics Corp is engaged in the manufacturing and sale of consumer electronic products, including optical discs, and the acquisition of film agency rights, and production and distribution of digital discs and Blu-ray discs for sales and rental business. CMC provides optical storage devices like compact discs and digital video discs with additional functionalities that allow a user to record or rewrite data. The company also offers to package for optical storage products, USB storage, alkaline batteries, and flash storage products. Its products include Compact Disc Recordable, Compact Disc Rewritable, Digital Video Disc-Recordable, videotapes, and others. The firm has manufacturing facilities in Taiwan, China, and Hong Kong, and generates revenue from the Americas, Europe, and Asia.

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