Chien Shing Harbour Service Co (TPE:8367) Interest Expense : NT$-116 Mil (TTM As of Mar. 2024)

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What is Chien Shing Harbour Service Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chien Shing Harbour Service Co's interest expense for the three months ended in Mar. 2024 was NT$ -39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-116 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. Chien Shing Harbour Service Co's Operating Income for the three months ended in Mar. 2024 was NT$ 103 Mil. Chien Shing Harbour Service Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -39 Mil. Chien Shing Harbour Service Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.61. 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.

Chien Shing Harbour Service Co Interest Expense Historical Data

The historical data trend for Chien Shing Harbour Service 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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Chien Shing Harbour Service Co Interest Expense Chart

Chien Shing Harbour Service Co Annual Data

Trend

Dec14

Dec15

Dec16

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Dec20

Dec21

Dec22

Dec23

Interest Expense

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-68.83

-75.48

-74.48

-68.02

-98.88

Chien Shing Harbour Service 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															-21.88	-23.30	-22.71	-30.99	-39.34

Chien Shing Harbour Service 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$-116 Mil.

Chien Shing Harbour Service Co (TPE:8367) 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.

Chien Shing Harbour Service Co's Interest Expense for the three months ended in Mar. 2024 was NT$-39 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$103 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$9,457 Mil.

Chien Shing Harbour Service 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	*	102.721	/	-39.337
	=	2.61

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. Chien Shing Harbour Service Co Ltd interest coverage is 3.51, which is low.

Chien Shing Harbour Service Co (TPE:8367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chien Shing Harbour Service Co Ltd (TPE:8367) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

No. 150, Section 9, Taiwan Avenue, Wuqi District, Taichung, TWN, 435

Website

https://www.chienshing.com.tw

Chien Shing Harbour Service Co Ltd is a Taiwan-based shipping company. Its main business activities include warehousing service, operation of gas stations, sale of gasoline and diesel, operation of convenience stores, automobile cargo transportation, automobile container transport, container leasing, operation of the container terminal, customs brokerage, and vessel stevedoring service. The group has four operating segments - The warehousing segment, the Customs brokerage department, the Transportation segment and the Vessel stevedoring segment. The majority is from the vessel stevedoring segment, which is responsible for stevedoring of break bulk cargo for businesses and shipping companies locally and abroad.

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