Moorim Paper Co (XKRX:009200) Interest Expense : ₩-51,178 Mil (TTM As of Mar. 2024)

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What is Moorim Paper Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Moorim Paper Co's interest expense for the three months ended in Mar. 2024 was ₩ -12,737 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-51,178 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. Moorim Paper Co's Operating Income for the three months ended in Mar. 2024 was ₩ 26,101 Mil. Moorim Paper Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -12,737 Mil. Moorim Paper Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.05. 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.

Moorim Paper Co Interest Expense Historical Data

The historical data trend for Moorim Paper 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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Moorim Paper Co Interest Expense Chart

Moorim Paper Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-32,153.81

-30,821.93

-27,697.26

-37,122.68

-51,101.54

Moorim Paper 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															-12,660.86	-12,983.42	-12,632.11	-12,825.16	-12,736.95

Moorim Paper 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 ₩-51,178 Mil.

Moorim Paper Co (XKRX:009200) 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.

Moorim Paper Co's Interest Expense for the three months ended in Mar. 2024 was ₩-12,737 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩26,101 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩547,723 Mil.

Moorim Paper 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	*	26101.46	/	-12736.945
	=	2.05

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Moorim Paper Co Ltd interest coverage is 1.41, which is low.

Moorim Paper Co (XKRX:009200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Moorim Paper Co Ltd (XKRX:009200) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

505 Sinsa-dong, Gangnam-gu, Seoul, KOR, 135-887

Website

http://www.moorim.co.kr

Moorim Paper Co Ltd manufactures and markets wood-free papers andcoated papers.

Moorim Paper Co (XKRX:009200) Headlines

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