Solum Co (XKRX:248070) Interest Expense : ₩-19,370 Mil (TTM As of Mar. 2024)

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What is Solum Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solum Co's interest expense for the three months ended in Mar. 2024 was ₩ -4,076 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-19,370 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. Solum Co's Operating Income for the three months ended in Mar. 2024 was ₩ 20,290 Mil. Solum Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -4,076 Mil. Solum Co's Interest Coverage for the quarter that ended in Mar. 2024 was 4.98. 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.

Solum Co Interest Expense Historical Data

The historical data trend for Solum 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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Solum Co Interest Expense Chart

Solum Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-11,507.48

-6,628.10

-4,056.98

-11,703.58

-22,640.38

Solum 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															-7,346.02	-5,292.91	-5,849.18	-4,152.26	-4,075.85

Solum 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 ₩-19,370 Mil.

Solum Co (XKRX:248070) 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.

Solum Co's Interest Expense for the three months ended in Mar. 2024 was ₩-4,076 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩20,290 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩26,870 Mil.

Solum 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	*	20290.326	/	-4075.849
	=	4.98

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

Solum Co (XKRX:248070) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solum Co Ltd (XKRX:248070) » Definitions » Interest Expense

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Address

4,5,6th Floor, 357, Guseong-ro, Giheung-gu, Gyeonggi-do, Yongin-si, KOR

Website

https://www.solu-m.com

Solum Co Ltd is engaged in providing power modules, digital tuner, and Electronic Shelf Label solutions. The product portfolio of the company includes TV Power Adapter, Server Power, LED Power, Tuner, and Keyco among others.

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