Michang Oil Ind Co (XKRX:003650) Interest Expense : ₩-859 Mil (TTM As of Mar. 2024)

Michang Oil Ind Co Interest Expense Chart

Michang Oil Ind Co Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Interest Expense		Get a 7-Day Free Trial					-91.63	-85.22	-27.74	-31.57	-589.97

Michang Oil Ind 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															-13.64	-334.78	-123.45	-118.10	-283.02

Michang Oil Ind 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 ₩-859 Mil.

* 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.

Michang Oil Ind Co  (XKRX:003650) 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.

Michang Oil Ind Co's Interest Expense for the three months ended in Mar. 2024 was ₩-283 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩12,957 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩3,323 Mil.

Michang Oil Ind Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

* 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.

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. Michang Oil Ind Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Michang Oil Ind Co (XKRX:003650) Business Description