First Steamship Co (TPE:2601) Interest Expense : NT$-928 Mil (TTM As of Mar. 2024)

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What is First Steamship Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. First Steamship Co's interest expense for the three months ended in Mar. 2024 was NT$ -230 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-928 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. First Steamship Co's Operating Income for the three months ended in Mar. 2024 was NT$ 81 Mil. First Steamship Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -230 Mil. First Steamship Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.35. 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.

First Steamship Co Interest Expense Historical Data

The historical data trend for First Steamship 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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First Steamship Co Interest Expense Chart

First Steamship Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-939.64

-772.34

-681.33

-853.70

-922.71

First Steamship 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															-224.90	-238.90	-223.04	-235.87	-230.49

First Steamship 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$-928 Mil.

First Steamship Co (TPE:2601) 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.

First Steamship Co's Interest Expense for the three months ended in Mar. 2024 was NT$-230 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$81 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$13,449 Mil.

First Steamship 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	*	81.439	/	-230.494
	=	0.35

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

First Steamship Co (TPE:2601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » First Steamship Co Ltd (TPE:2601) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Fuxing S Road, Da’an, 14th Floor, No.237, Sec. 2, Taipei, TWN, 106

Website

https://www.firsteam.com.tw

First Steamship Co Ltd is Taiwan based company whose business activities are providing business consultation services and investments and selling, renting, investing in construction. Its business activities involve domestic and international sea transportation and related businesses, trading of vessels and related products, providing services of financial leasing, providing business consultation services, trading of cosmetics, furnishings and etc., investments, and selling, renting, investing in construction. It has four operating segments: Shipping business, investing department, retail business, and rental department.

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