GMB Korea (XKRX:013870) Interest Expense : ₩-9,912 Mil (TTM As of Mar. 2024)

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What is GMB Korea Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. GMB Korea's interest expense for the three months ended in Mar. 2024 was ₩ -2,623 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-9,912 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. GMB Korea's Operating Income for the three months ended in Mar. 2024 was ₩ 5,322 Mil. GMB Korea's Interest Expense for the three months ended in Mar. 2024 was ₩ -2,623 Mil. GMB Korea's Interest Coverage for the quarter that ended in Mar. 2024 was 2.03. 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.

GMB Korea Interest Expense Historical Data

The historical data trend for GMB Korea'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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GMB Korea Interest Expense Chart

GMB Korea Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4,479.93

-3,600.93

-3,270.90

-5,282.47

-9,385.28

GMB Korea 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															-2,096.28	-2,338.06	-2,582.21	-2,368.72	-2,622.95

GMB Korea 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 ₩-9,912 Mil.

GMB Korea (XKRX:013870) 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.

GMB Korea's Interest Expense for the three months ended in Mar. 2024 was ₩-2,623 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩5,322 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩14,496 Mil.

GMB Korea'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	*	5321.602	/	-2622.948
	=	2.03

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

GMB Korea (XKRX:013870) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GMB Korea Corp (XKRX:013870) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

618, Ungnam-ro(Seongsan-dong), Seongsan-gu, Changwon-si, Gyeongsangnam-do, KOR, 642315

Website

http://www.gmb.co.kr

GMB Korea Corp manufactures parts and accessories for motor vehicles which include engine parts, auto parts, chassis parts, bearing parts, and green energy parts. Its products portfolio consists of water pumps, socket, oil pump, spool valve, hydraulic pressure piston, cage, tripped joint, ball bearing etc.

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