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Hecto Financial Co (XKRX:234340) Interest Expense : ₩-187 Mil (TTM As of Mar. 2024)


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What is Hecto Financial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hecto Financial Co's interest expense for the three months ended in Mar. 2024 was ₩ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-187 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. Hecto Financial Co's Operating Income for the three months ended in Mar. 2024 was ₩ 4,038 Mil. Hecto Financial Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -47 Mil. Hecto Financial Co's Interest Coverage for the quarter that ended in Mar. 2024 was 85.67. 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.


Hecto Financial Co Interest Expense Historical Data

The historical data trend for Hecto Financial 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.

Hecto Financial Co Interest Expense Chart

Hecto Financial 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 -7.51 -41.48 -84.49 -86.31 -199.56

Hecto Financial 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 -59.85 -58.88 -52.05 -28.78 -47.14

Hecto Financial 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 ₩-187 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.


Hecto Financial Co  (XKRX:234340) 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.

Hecto Financial Co's Interest Expense for the three months ended in Mar. 2024 was ₩-47 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩4,038 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩1,036 Mil.

Hecto Financial 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*4038.452/-47.137
=85.67

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Hecto Financial Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Hecto Financial Co (XKRX:234340) Business Description

Traded in Other Exchanges
N/A
Address
Teheran-ro 34, Gil 6, 9, Gangnam-gu, 10th Floor, Yeoksam-dong, Taekwang Tower, Seoul, KOR, 06220
Hecto Financial Co Ltd is engaged in providing online payment based system. It provides services such as Real-time bank transfer, Virtual Account, Mobile phone billing, Gift Vouchers and Online payment through credit card.

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