Grand Ocean Retail Group (TPE:5907) Interest Expense : NT$-698 Mil (TTM As of Mar. 2024)

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What is Grand Ocean Retail Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grand Ocean Retail Group's interest expense for the three months ended in Mar. 2024 was NT$ -176 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-698 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. Grand Ocean Retail Group's Operating Income for the three months ended in Mar. 2024 was NT$ 39 Mil. Grand Ocean Retail Group's Interest Expense for the three months ended in Mar. 2024 was NT$ -176 Mil. Grand Ocean Retail Group's Interest Coverage for the quarter that ended in Mar. 2024 was 0.22. 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.

Grand Ocean Retail Group Interest Expense Historical Data

The historical data trend for Grand Ocean Retail Group'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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Grand Ocean Retail Group Interest Expense Chart

Grand Ocean Retail Group Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-649.90

-560.11

-529.58

-704.39

-688.68

Grand Ocean Retail Group 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															-166.56	-177.63	-162.12	-182.38	-176.18

Grand Ocean Retail Group 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$-698 Mil.

Grand Ocean Retail Group (TPE:5907) 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.

Grand Ocean Retail Group's Interest Expense for the three months ended in Mar. 2024 was NT$-176 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$10,398 Mil.

Grand Ocean Retail Group'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	*	38.688	/	-176.181
	=	0.22

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

Grand Ocean Retail Group (TPE:5907) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Grand Ocean Retail Group Ltd (TPE:5907) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 237, Fuxing South Road, 14th Floor, Section 2, Da'an District, Taipei, TWN, 106

Website

http://www.grandocean.com.tw

Grand Ocean Retail Group Ltd operates department stores in China. The company is engaged in the operation and management of department stores in Nanjing, Wuhan, Chongqing, Fuzhou, Suzhou, Quanzhou, Xiangtan, Hengyang, Yichang, and Hefei cities. It generates revenue from Commission and Commodity Sales. The main revenues of the group come from the department store retail business.

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