MiraeING Co (XKRX:007120) Interest Expense : ₩-1,479 Mil (TTM As of Mar. 2024)

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What is MiraeING Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MiraeING Co's interest expense for the three months ended in Mar. 2024 was ₩ -357 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-1,479 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. MiraeING Co's Operating Income for the three months ended in Mar. 2024 was ₩ 332 Mil. MiraeING Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -357 Mil. MiraeING Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.93. 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.

MiraeING Co Interest Expense Historical Data

The historical data trend for MiraeING 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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MiraeING Co Interest Expense Chart

MiraeING Co Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-20.09

-14.22

-552.62

-1,628.68

-1,511.66

MiraeING 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															-390.32	-382.11	-373.75	-365.47	-357.27

MiraeING 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 ₩-1,479 Mil.

MiraeING Co (XKRX:007120) 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.

MiraeING Co's Interest Expense for the three months ended in Mar. 2024 was ₩-357 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩332 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩18,377 Mil.

MiraeING 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	*	331.834	/	-357.272
	=	0.93

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

MiraeING Co (XKRX:007120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MiraeING Co (XKRX:007120) » Definitions » Interest Expense

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Address

509, Dosan-daero, Gangnam-gu, Seoul, KOR, 135-957

Website

http://www.miraeing.co.kr

MiraeING.Co. operates in the security and protection services industry in South Korea. The company is engaged in the manufacturing of CCTV camera, self-propelled howitzers and offers solutions in the form of SWIFT.

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