Choong Ang Vaccine Laboratory Co (XKRX:072020) Interest Expense : ₩-322 Mil (TTM As of Mar. 2024)

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What is Choong Ang Vaccine Laboratory Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Choong Ang Vaccine Laboratory Co's interest expense for the three months ended in Mar. 2024 was ₩ -56 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-322 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. Choong Ang Vaccine Laboratory Co's Operating Income for the three months ended in Mar. 2024 was ₩ 1,448 Mil. Choong Ang Vaccine Laboratory Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -56 Mil. Choong Ang Vaccine Laboratory Co's Interest Coverage for the quarter that ended in Mar. 2024 was 25.76. 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.

Choong Ang Vaccine Laboratory Co Interest Expense Historical Data

The historical data trend for Choong Ang Vaccine Laboratory 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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Choong Ang Vaccine Laboratory Co Interest Expense Chart

Choong Ang Vaccine Laboratory Co Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-130.86

-94.05

-109.67

-242.17

-345.46

Choong Ang Vaccine Laboratory 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															-79.27	-77.36	-94.71	-94.12	-56.24

Choong Ang Vaccine Laboratory 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 ₩-322 Mil.

Choong Ang Vaccine Laboratory Co (XKRX:072020) 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.

Choong Ang Vaccine Laboratory Co's Interest Expense for the three months ended in Mar. 2024 was ₩-56 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩1,448 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩5,761 Mil.

Choong Ang Vaccine Laboratory 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	*	1448.445	/	-56.236
	=	25.76

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

Choong Ang Vaccine Laboratory Co (XKRX:072020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Choong Ang Vaccine Laboratory Co Ltd (XKRX:072020) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

1476-37 Yongsan-dong, Yuseong-gu, Daejeon, KOR, 305-348

Website

http://www.cavac.co.kr

Choong Ang Vaccine Laboratory Co., Ltd. manufactures and markets vaccines for animals. The company specialized in vaccines for animals and is the largest one in Korea. The company has a solid financial structure.

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