Taiwan Navigation Co (TPE:2617) Interest Expense : NT$-348 Mil (TTM As of Mar. 2024)

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What is Taiwan Navigation Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Taiwan Navigation Co's interest expense for the three months ended in Mar. 2024 was NT$ -79 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-348 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. Taiwan Navigation Co's Operating Income for the three months ended in Mar. 2024 was NT$ 394 Mil. Taiwan Navigation Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -79 Mil. Taiwan Navigation Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.02. 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.

Taiwan Navigation Co Interest Expense Historical Data

The historical data trend for Taiwan Navigation 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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Taiwan Navigation Co Interest Expense Chart

Taiwan Navigation Co Annual Data

Trend

Dec14

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Dec16

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Dec20

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Dec23

Interest Expense

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-93.25

-45.44

-40.51

-167.30

-360.85

Taiwan Navigation 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															-91.48	-89.81	-90.79	-88.77	-78.51

Taiwan Navigation 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$-348 Mil.

Taiwan Navigation Co (TPE:2617) 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.

Taiwan Navigation Co's Interest Expense for the three months ended in Mar. 2024 was NT$-79 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$394 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$6,046 Mil.

Taiwan Navigation 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	*	393.804	/	-78.511
	=	5.02

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

Taiwan Navigation Co (TPE:2617) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiwan Navigation Co Ltd (TPE:2617) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 29, Jinan Road, Section 2, 2-6 Floor, Taipei, TWN, 100

Website

https://www.taiwanline.com.tw

Taiwan Navigation Co Ltd is a Taiwan based company, engages in the provision of shipping related services. It is engaged in passenger and freight transport via water, port warehousing, aquatic sand mining, and navigation channel dredging and also acts as a shipping agency, provides tugboats, and acts as a land owner in agreements with construction companies for the use of its land for the construction of residential and commercial buildings for sale and rental.

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