U-Ming Marine Transport (TPE:2606) Interest Expense : NT$-1,533 Mil (TTM As of Mar. 2024)

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What is U-Ming Marine Transport Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. U-Ming Marine Transport's interest expense for the three months ended in Mar. 2024 was NT$ -369 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-1,533 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. U-Ming Marine Transport's Operating Income for the three months ended in Mar. 2024 was NT$ 887 Mil. U-Ming Marine Transport's Interest Expense for the three months ended in Mar. 2024 was NT$ -369 Mil. U-Ming Marine Transport's Interest Coverage for the quarter that ended in Mar. 2024 was 2.40. 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.

U-Ming Marine Transport Interest Expense Historical Data

The historical data trend for U-Ming Marine Transport'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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U-Ming Marine Transport Interest Expense Chart

U-Ming Marine Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-619.04

-412.05

-345.85

-570.03

-1,472.93

U-Ming Marine Transport 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															-309.25	-389.45	-390.70	-383.53	-369.05

U-Ming Marine Transport 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$-1,533 Mil.

U-Ming Marine Transport (TPE:2606) 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.

U-Ming Marine Transport's Interest Expense for the three months ended in Mar. 2024 was NT$-369 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$887 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$28,046 Mil.

U-Ming Marine Transport'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	*	886.705	/	-369.047
	=	2.40

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. U-Ming Marine Transport Corp interest coverage is 2.15, which is low.

U-Ming Marine Transport (TPE:2606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » U-Ming Marine Transport Corp (TPE:2606) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 207, Section 2, Tun Hwa South Road, 29th Floor, Taipei, TWN, 106

Website

http://www.uming.com.tw

U-Ming Marine Transport Corp is a transportation and logistics company, domiciled in Taiwan. The company organizes itself into two segments: marine transportation and investment. The marine transportation segment, which contributes the vast majority of revenue, owns and operates a fleet of vessels to transport dry bulk cargo, including cement, oil, coal, iron ore, steel, grain, and other commodities.

U-Ming Marine Transport (TPE:2606) Headlines

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