Access Bio (XKRX:950130) Interest Expense : ₩-3,653 Mil (TTM As of Mar. 2024)

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What is Access Bio Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Access Bio's interest expense for the three months ended in Mar. 2024 was ₩ -903 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₩-3,653 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. Access Bio's Operating Income for the three months ended in Mar. 2024 was ₩ 2,213 Mil. Access Bio's Interest Expense for the three months ended in Mar. 2024 was ₩ -903 Mil. Access Bio's Interest Coverage for the quarter that ended in Mar. 2024 was 2.45. 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.

Access Bio Interest Expense Historical Data

The historical data trend for Access Bio'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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Access Bio Interest Expense Chart

Access Bio Annual Data

Trend

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Interest Expense

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-2,193.07

-1,867.00

-3,349.68

-6,233.16

-3,710.71

Access Bio 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															-938.75	-927.18	-904.33	-918.42	-902.86

Access Bio 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 ₩-3,653 Mil.

Access Bio (XKRX:950130) 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.

Access Bio's Interest Expense for the three months ended in Mar. 2024 was ₩-903 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₩2,213 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₩60,460 Mil.

Access Bio'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	*	2213.096	/	-902.857
	=	2.45

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

Access Bio (XKRX:950130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Access Bio Inc (XKRX:950130) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

65 Clyde Road, Suite A, Somerset, NJ, USA, 08873

Website

http://www.accessbio.net

Access Bio Inc is a United States based bio company engaged in the research, development, and manufacturing of in vitro rapid diagnostic tests, biosensor, and molecular diagnostic products. The products are for the prevention and early diagnosis of infectious diseases. The company's core in vitro-diagnostic technology includes immunochemical, biochemical and molecular products. The company offers products for Rapid Diagnostic Tests including CareStart G6PD RDT, CareStart Malaria, CareStart Dengue Combo, and CareStart Scrub Typhus IgM; Biosensors product includes CareStart G6PD Biosensor, and Molecular Diagnostics products include CareStart HPV and CareStart CAH.

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