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Advantech Co (TPE:2395) Interest Expense : NT$-57 Mil (TTM As of Mar. 2024)


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What is Advantech Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advantech Co's interest expense for the three months ended in Mar. 2024 was NT$ -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-57 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. Advantech Co's Operating Income for the three months ended in Mar. 2024 was NT$ 1,959 Mil. Advantech Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -23 Mil. Advantech Co's Interest Coverage for the quarter that ended in Mar. 2024 was 84.66. 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.

Advantech Co Interest Expense Historical Data

The historical data trend for Advantech 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.

Advantech Co Interest Expense Chart

Advantech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.04 -20.18 -15.67 -26.99 -45.55

Advantech 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 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 -11.21 -11.43 -11.47 -11.44 -23.14

Advantech 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$-57 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.

Advantech Co  (TPE:2395) 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.

Advantech Co's Interest Expense for the three months ended in Mar. 2024 was NT$-23 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$1,959 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$1,647 Mil.

Advantech 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*1958.697/-23.135
=84.66

* 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.

Good Sign:

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

Advantech Co (TPE:2395) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Advantech Co Ltd (TPE:2395) » Definitions » Interest Expense
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TPE:6669 TPE:3231 TPE:2357 TPE:2301 TPE:4938 TPE:2356 TPE:2376 TPE:2377 TPE:2324 TPE:2353 ANET DELL SZSE:002415 HPQ TPE:2382 TSE:7751 SHSE:688041 NTAP HKSE:00992 STX
Traded in Other Exchanges
N/A
Address
No. 1, Alley 20, Lane 26, Rueiguang Road, Neihu District, Taipei, TWN, 114519
Website
https://www.advantech.com
Founded in 1981, Advantech is the world's largest industrial PC, or IPC, supplier, offering single-board computers, fanless IPCs, digital posts and more. The company reports three segments: embedded PCs, industry PC and automation solutions, and service and others. They contributed 50%, 39% and 11% revenue in 2022, respectively. Leveraging its presence in 27 countries, Advantech is expanding into Internet of Things verticals like smart retail, medical, transportation, industrial automation and energy by investing in Internet of Things solution partners and its proprietary WISE-PaaS platform. The headquarters is in Taipei, Taiwan. The company maintains most manufacturing facilities in Taiwan and Kunshan, China; and has 14 service centers globally.

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