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PanOcean Co (XKRX:028670) Interest Expense : ₩-136,604 Mil (TTM As of Mar. 2024)


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What is PanOcean Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PanOcean Co's interest expense for the three months ended in Mar. 2024 was ₩ -40,517 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-136,604 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. PanOcean Co's Operating Income for the three months ended in Mar. 2024 was ₩ 98,175 Mil. PanOcean Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -40,517 Mil. PanOcean Co's Interest Coverage for the quarter that ended in Mar. 2024 was 2.42. 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.

PanOcean Co Interest Expense Historical Data

The historical data trend for PanOcean 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.

* Premium members only.

PanOcean Co Interest Expense Chart

PanOcean Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -55,105.00 -41,148.00 -43,576.00 -76,058.00 -122,546.00

PanOcean 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - -21,852.00 -47,659.00 -26,576.00 -40,517.00

PanOcean 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 ₩-136,604 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.

PanOcean Co  (XKRX:028670) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

PanOcean Co's Interest Expense for the three months ended in Mar. 2024 was ₩-40,517 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩98,175 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩2,047,711 Mil.

PanOcean 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*98175/-40517
=2.42

* 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.

PanOcean Co (XKRX:028670) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PanOcean Co Ltd (XKRX:028670) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Tower 8, 7, Jong-ro 5-gil, Jongno-gu, Seoul, KOR, 03157
Website
https://www.panocean.com
PanOcean Co Ltd is a shipping company. The company provides marine transportation services. It provides products and services including breakbulk liner, tramper services, large bulker services, container and tanker services, gas carriers, and heavy lift business. The company's operating segment includes Shipping related and Grain trading business. It generates maximum revenue from Shipping related segment. It also provides tamper services to ship dry bulk cargoes such as iron ore, coal, grains, lumber, wood pulp, and raw sugar.

PanOcean Co (XKRX:028670) Headlines

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