Neooto Co (XKRX:212560) Interest Expense : ₩-1,467 Mil (TTM As of Sep. 2024)

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What is Neooto Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Neooto Co's interest expense for the three months ended in Sep. 2024 was ₩ -440 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₩-1,467 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. Neooto Co's Operating Income for the three months ended in Sep. 2024 was ₩ 3,679 Mil. Neooto Co's Interest Expense for the three months ended in Sep. 2024 was ₩ -440 Mil. Neooto Co's Interest Coverage for the quarter that ended in Sep. 2024 was 8.36. 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.

Neooto Co Interest Expense Historical Data

The historical data trend for Neooto 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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Neooto Co Interest Expense Chart

Neooto Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-951.93

-847.65

-637.42

-654.24

-761.39

Neooto Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-190.04	-189.61	-357.02	-479.93	-440.28

Neooto 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-1,467 Mil.

Neooto Co (XKRX:212560) 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.

Neooto Co's Interest Expense for the three months ended in Sep. 2024 was ₩-440 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₩3,679 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₩9,618 Mil.

Neooto Co's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	3679.364	/	-440.28
	=	8.36

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

Neooto Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Neooto Co Ltd (XKRX:212560) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Royal Building 6th floor, Sajinanro 5-gil 19, Jongno-gu, Seoul, KOR, 04519

Website

http://www.neooto.kr

Neooto Co Ltd is a manufacturer of automotive powertrain parts in Korea.

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