UMC (United Microelectronics) Interest Expense : $-51 Mil (TTM As of Sep. 2024)

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What is United Microelectronics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. United Microelectronics's interest expense for the three months ended in Sep. 2024 was $ -15 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was $-51 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. United Microelectronics's Operating Income for the three months ended in Sep. 2024 was $ 439 Mil. United Microelectronics's Interest Expense for the three months ended in Sep. 2024 was $ -15 Mil. United Microelectronics's Interest Coverage for the quarter that ended in Sep. 2024 was 30.05. 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.

United Microelectronics Interest Expense Historical Data

The historical data trend for United Microelectronics'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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United Microelectronics Interest Expense Chart

United Microelectronics Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-96.96

-71.07

-67.32

-58.24

-47.16

United Microelectronics 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															-13.27	-13.22	-12.47	-11.07	-14.61

United Microelectronics 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 $-51 Mil.

United Microelectronics (NYSE:UMC) 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.

United Microelectronics's Interest Expense for the three months ended in Sep. 2024 was $-15 Mil. Its Operating Income for the three months ended in Sep. 2024 was $439 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was $2,003 Mil.

United Microelectronics'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	*	438.989	/	-14.611
	=	30.05

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

United Microelectronics Business Description

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2303:Taiwan UMCB:Germany

Address

No. 3, Li-Hsin 2nd Road, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.umc.com

Founded in 1980, United Microelectronics is the world's third-largest dedicated chip foundry, with 7% market share in 2023 after TSMC and SMIC. UMC's headquarters are in Hsinchu, Taiwan, and it operates 12 fabs in Taiwan, Mainland China, Japan and Singapore, with additional sales offices in Europe, the us, and South Korea. UMC features a diverse customer base that includes Texas Instruments, MediaTek, Qualcomm, Broadcom, Xilinx, and Realtek, supplying a wide range of products applied in communications, display, memory, automotive and more. UMC employs about 20,000 people.