Largan Precision Co (TPE:3008) Interest Expense : NT$-1 Mil (TTM As of Sep. 2024)

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What is Largan Precision Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Largan Precision Co's interest expense for the three months ended in Sep. 2024 was NT$ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was NT$-1 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. Largan Precision Co's Operating Income for the three months ended in Sep. 2024 was NT$ 7,848 Mil. Largan Precision Co's Interest Expense for the three months ended in Sep. 2024 was NT$ -0 Mil. Largan Precision Co's Interest Coverage for the quarter that ended in Sep. 2024 was 36,503.40. 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.

Largan Precision Co Interest Expense Historical Data

The historical data trend for Largan Precision 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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Largan Precision Co Interest Expense Chart

Largan Precision Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.72

-2.32

-1.95

-1.77

-1.14

Largan Precision Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.27	-0.22	-0.19	-0.24	-0.22

Largan Precision 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-1 Mil.

Largan Precision Co (TPE:3008) 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.

Largan Precision Co's Interest Expense for the three months ended in Sep. 2024 was NT$-0 Mil. Its Operating Income for the three months ended in Sep. 2024 was NT$7,848 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was NT$33 Mil.

Largan Precision Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	7848.23	/	-0.215
	=	36,503.40

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. Largan Precision Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Largan Precision Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Largan Precision Co Ltd (TPE:3008) » Definitions » Interest Expense

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Address

No. 11, Jingke Road, Nantun District, Taichung, TWN, 40852

Website

https://www.largan.com.tw

Largan Precision is the leader in optical lens technology and the world's largest handset lensmaker by value. The company boasts almost 30 years of experience in the production of optical lenses, namely, plastic aspherical lenses, which are widely used to manufacture smartphone cameras. It is a major supplier of high-end handset camera lenses to global smartphone brands such as Apple and Samsung. The firm also produces optical lenses for various applications such as for automobiles, digital cameras, and extended reality headsets. Largan was co-founded in 1987 by Scott Lin, whose sons Adam Lin and Lin En Zhou serve as the current CEO and chairman, respectively. Largan is headquartered and mainly operates in Taichung City, Taiwan, and employs 8,023 people as of April 2024.

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