Samick Musical Instruments Co (XKRX:002450) Interest Expense : ₩-6,858 Mil (TTM As of Dec. 2023)

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What is Samick Musical Instruments Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Samick Musical Instruments Co's interest expense for the three months ended in Dec. 2023 was ₩ -1,835 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₩-6,858 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. Samick Musical Instruments Co's Operating Income for the three months ended in Dec. 2023 was ₩ 1,394 Mil. Samick Musical Instruments Co's Interest Expense for the three months ended in Dec. 2023 was ₩ -1,835 Mil. Samick Musical Instruments Co's Interest Coverage for the quarter that ended in Dec. 2023 was 0.76. 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.

Samick Musical Instruments Co Interest Expense Historical Data

The historical data trend for Samick Musical Instruments 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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Samick Musical Instruments Co Interest Expense Chart

Samick Musical Instruments Co Annual Data

Trend

Dec14

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Dec20

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Dec23

Interest Expense

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-11,808.81

-11,075.66

-7,306.96

-6,428.70

-6,858.02

Samick Musical Instruments Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1,710.94	-1,614.68	-1,687.13	-1,721.58	-1,834.63

Samick Musical Instruments 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-6,858 Mil.

Samick Musical Instruments Co (XKRX:002450) 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.

Samick Musical Instruments Co's Interest Expense for the three months ended in Dec. 2023 was ₩-1,835 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₩1,394 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₩90,640 Mil.

Samick Musical Instruments Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	1394.04	/	-1834.633
	=	0.76

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

Samick Musical Instruments Co (XKRX:002450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Samick Musical Instruments Co Ltd (XKRX:002450) » Definitions » Interest Expense

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Address

1-6, Daejang-Ri, Soi-myeon, Eumseong-gun, Chungcheongbuk-do, KOR, 369-872

Website

http://www.samick.co.kr

Samick Musical Instruments Co Ltd manufactures and sells musical instruments in South Korea. The company offers upright, grand, and digital pianos; and acoustic and electric guitars. It also provides other music instruments, including strings, such as violins, guitar and bass amplifiers, and cellos; wind instruments comprising amplifiers, flutes, trumpets, saxophones, clarinets, ocarinas, and harmonicas; percussion products covering drums; music stands; tuners; musical instruments for kids; metronomes; and P.A systems.

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