Nien Made Enterprise Co (TPE:8464) Interest Expense : NT$-6 Mil (TTM As of Mar. 2024)

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What is Nien Made Enterprise Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nien Made Enterprise Co's interest expense for the three months ended in Mar. 2024 was NT$ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was NT$-6 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. Nien Made Enterprise Co's Operating Income for the three months ended in Mar. 2024 was NT$ 1,538 Mil. Nien Made Enterprise Co's Interest Expense for the three months ended in Mar. 2024 was NT$ -2 Mil. Nien Made Enterprise Co's Interest Coverage for the quarter that ended in Mar. 2024 was 908.97. 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.

Nien Made Enterprise Co Interest Expense Historical Data

The historical data trend for Nien Made Enterprise 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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Nien Made Enterprise Co Interest Expense Chart

Nien Made Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-12.99

-31.55

-33.96

-9.26

-5.11

Nien Made Enterprise 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															-1.17	-1.10	-1.37	-1.48	-1.69

Nien Made Enterprise 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$-6 Mil.

Nien Made Enterprise Co (TPE:8464) 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.

Nien Made Enterprise Co's Interest Expense for the three months ended in Mar. 2024 was NT$-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was NT$1,538 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was NT$172 Mil.

Nien Made Enterprise 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	*	1537.982	/	-1.692
	=	908.97

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. Nien Made Enterprise Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Nien Made Enterprise Co (TPE:8464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Nien Made Enterprise Co Ltd (TPE:8464) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 , 23rd Floor, No. 98 , Chengbei Shizheng N. 7th Road, Xitun District, Taichung, TWN

Website

https://www.nienmade.com.tw

Nien Made Enterprise Co Ltd is a Taiwan-based company principally engaged in the business of home furnishings. The company manufactures and distributes curtains and window blinds. The product range consists of interior and exterior shutters, faux wood blinds, vinyl blinds, wood blinds, roll-up shades, and cellular shades. The company operates in two reportable segments that are window coverings and other, out of which the majority of revenue is generated by sales of window coverings.

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