Ritek (TPE:2349) Interest Expense : NT$-152 Mil (TTM As of Dec. 2024)

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What is Ritek Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ritek's interest expense for the three months ended in Dec. 2024 was NT$ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was NT$-152 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. Ritek's Operating Income for the three months ended in Dec. 2024 was NT$ 15 Mil. Ritek's Interest Expense for the three months ended in Dec. 2024 was NT$ -29 Mil. Ritek's Interest Coverage for the quarter that ended in Dec. 2024 was 0.51. 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.

Ritek Interest Expense Historical Data

The historical data trend for Ritek'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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Ritek Interest Expense Chart

Ritek Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-156.81

-124.35

-148.90

-157.45

-151.54

Ritek 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															-36.87	-38.69	-41.84	-41.69	-29.32

Ritek 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$-152 Mil.

Ritek (TPE:2349) 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.

Ritek's Interest Expense for the three months ended in Dec. 2024 was NT$-29 Mil. Its Operating Income for the three months ended in Dec. 2024 was NT$15 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was NT$3,160 Mil.

Ritek'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	*	14.925	/	-29.317
	=	0.51

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

Ritek Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ritek Corp (TPE:2349) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 42, Kuangfu North Road, Hsinchu Industrial Park, Hukou Township, Hsinchu Country, Hsinchu, TWN, 30351

Website

https://www.ritek.com

Ritek Corp is a Taiwan-based company engaged in the manufacturing and processing of optical information products and memory products and related equipment (including peripheral products), as well as trading and import and export of materials under RIDATA, Traxdata, Arita, Imation, and other brands. Its reportable segments are; Storage media, OLED, and others. The majority of the company's revenue is generated from the Storage media segment which is engaged in the manufacturing, processing, and sales of optical discs and memory cards. Geographically, its key revenue is derived from Taiwan and the rest from Asia (excluding Taiwan), America, Europe, Africa, and other countries.

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