Model Solution Co (XKRX:417970) Interest Expense : ₩-360 Mil (TTM As of Mar. 2024)

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What is Model Solution Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Model Solution Co's interest expense for the three months ended in Mar. 2024 was ₩ -89 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-360 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. Model Solution Co's Operating Income for the three months ended in Mar. 2024 was ₩ 74 Mil. Model Solution Co's Interest Expense for the three months ended in Mar. 2024 was ₩ -89 Mil. Model Solution Co's Interest Coverage for the quarter that ended in Mar. 2024 was 0.84. 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.

Model Solution Co Interest Expense Historical Data

The historical data trend for Model Solution 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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Model Solution Co Interest Expense Chart

Model Solution Co Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-394.58

-272.28

-241.25

-352.71

-357.89

Model Solution Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial							-87.19	-88.83	-89.98	-91.89	-88.81

Model Solution 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 ₩-360 Mil.

Model Solution Co (XKRX:417970) 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.

Model Solution Co's Interest Expense for the three months ended in Mar. 2024 was ₩-89 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩74 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩2,257 Mil.

Model Solution 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	*	74.25	/	-88.807
	=	0.84

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

Model Solution Co (XKRX:417970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Model Solution Co Ltd (XKRX:417970) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

24, Cherry Blossom-ro 20-gil, Geumcheon-gu, Seoul, KOR, 08582

Website

https://www.model-solution.com

Model Solution Co Ltd manufactures and supports prototypes of new products that incorporate cutting-edge technologies such as IT devices, electronic products, and medical/healthcare devices through a variety of solutions including rapid prototypes, precision machining, quick-turn tooling and molding.

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