GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Weikeng Industrial Co Ltd (TPE:3033) » Definitions » Interest Expense

Weikeng Industrial Co (TPE:3033) Interest Expense : NT$-1,074 Mil (TTM As of Sep. 2024)


View and export this data going back to 2002. Start your Free Trial

What is Weikeng Industrial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Weikeng Industrial Co's interest expense for the three months ended in Sep. 2024 was NT$ -300 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was NT$-1,074 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. Weikeng Industrial Co's Operating Income for the three months ended in Sep. 2024 was NT$ 615 Mil. Weikeng Industrial Co's Interest Expense for the three months ended in Sep. 2024 was NT$ -300 Mil. Weikeng Industrial Co's Interest Coverage for the quarter that ended in Sep. 2024 was 2.05. 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.


Weikeng Industrial Co Interest Expense Historical Data

The historical data trend for Weikeng Industrial 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.

* Premium members only.

Weikeng Industrial Co Interest Expense Chart

Weikeng Industrial Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -424.83 -251.62 -169.05 -448.80 -937.32

Weikeng Industrial 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -253.63 -256.99 -255.38 -261.25 -300.49

Weikeng Industrial 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$-1,074 Mil.

* 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.


Weikeng Industrial Co  (TPE:3033) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Weikeng Industrial Co's Interest Expense for the three months ended in Sep. 2024 was NT$-300 Mil. Its Operating Income for the three months ended in Sep. 2024 was NT$615 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was NT$2,303 Mil.

Weikeng Industrial 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*614.582/-300.486
=2.05

* 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.

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. Weikeng Industrial Co Ltd interest coverage is 2.19, which is low.


Weikeng Industrial Co Business Description

Traded in Other Exchanges
N/A
Address
No. 308, Neihu Road, 11th Floor, Section 1, Neihu District, Taipei, TWN, 114
Weikeng Industrial Co Ltd is mainly engaged in the distribution of various semiconductor electronic components, information access products, and the provision of technical services. Its product solution includes Data Centers; IoT Applications; Automotive; Networking; Industrial and Consumer. Geographically, it derives a majority of its revenue from China.

Weikeng Industrial Co Headlines

No Headlines