Hung Ching Developmentnstruction Co (TPE:2527) Interest Expense : NT$-236 Mil (TTM As of Jun. 2024)

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What is Hung Ching Developmentnstruction Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hung Ching Developmentnstruction Co's interest expense for the three months ended in Jun. 2024 was NT$ -70 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was NT$-236 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. Hung Ching Developmentnstruction Co's Operating Income for the three months ended in Jun. 2024 was NT$ 74 Mil. Hung Ching Developmentnstruction Co's Interest Expense for the three months ended in Jun. 2024 was NT$ -70 Mil. Hung Ching Developmentnstruction Co's Interest Coverage for the quarter that ended in Jun. 2024 was 1.05. 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.

Hung Ching Developmentnstruction Co Interest Expense Historical Data

The historical data trend for Hung Ching Developmentnstruction 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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Hung Ching Developmentnstruction Co Interest Expense Chart

Hung Ching Developmentnstruction Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-127.44

-115.89

-89.24

-104.35

-170.72

Hung Ching Developmentnstruction Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-36.55	-44.79	-53.27	-67.11	-70.35

Hung Ching Developmentnstruction 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-236 Mil.

Hung Ching Developmentnstruction Co (TPE:2527) 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.

Hung Ching Developmentnstruction Co's Interest Expense for the three months ended in Jun. 2024 was NT$-70 Mil. Its Operating Income for the three months ended in Jun. 2024 was NT$74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was NT$3,357 Mil.

Hung Ching Developmentnstruction Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	73.743	/	-70.354
	=	1.05

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hung Ching Development & Construction Co Ltd interest coverage is 2.36, which is low.

Hung Ching Developmentnstruction Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hung Ching Development & Construction Co Ltd (TPE:2527) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Keelung Road, 10th Floor, No.420, Section 1, Taipei, TWN

Website

http://www.asehcc.com.tw

Hung Ching Development & Construction Co Ltd is a Taiwan-based real estate company. It is engaged in the construction of national residential and commercial buildings for rent and sale. It is also engaged in the trading of various building materials. Reporting segments of the Group are divided into Real estate development, Construction, and Lease; Real estate is the key revenue driver for the company. Real estate development conducting sales of residential and commercial property and plant. Construction provides the building of residential and commercial property and plants. The leasing segment includes the lease of investment property.

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