Steniel Manufacturing (PHS:STN) Interest Expense : ₱-87 Mil (TTM As of Mar. 2024)

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What is Steniel Manufacturing Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Steniel Manufacturing's interest expense for the three months ended in Mar. 2024 was ₱ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-87 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. Steniel Manufacturing's Operating Income for the three months ended in Mar. 2024 was ₱ 45 Mil. Steniel Manufacturing's Interest Expense for the three months ended in Mar. 2024 was ₱ -21 Mil. Steniel Manufacturing's Interest Coverage for the quarter that ended in Mar. 2024 was 2.15. 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.

Steniel Manufacturing Interest Expense Historical Data

The historical data trend for Steniel Manufacturing'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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Steniel Manufacturing Interest Expense Chart

Steniel Manufacturing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-14.81

-45.93

-81.58

Steniel Manufacturing 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															-15.24	-18.65	-7.68	-40.00	-20.73

Steniel Manufacturing 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 ₱-87 Mil.

Steniel Manufacturing (PHS:STN) 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.

Steniel Manufacturing's Interest Expense for the three months ended in Mar. 2024 was ₱-21 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱45 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱481 Mil.

Steniel Manufacturing'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	*	44.546	/	-20.725
	=	2.15

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Steniel Manufacturing Corp interest coverage is 1.1, which is low.

Steniel Manufacturing (PHS:STN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Steniel Manufacturing Corp (PHS:STN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gateway Business Park, Barangay. Javalera, General Trias, Cavite, CAV, PHL

Website

http://www.steniel.com.ph

Steniel Manufacturing Corp is engaged in the manufacturing of industrial packaging materials in the Philippines. It also engages in the manufacturing and sale of all kinds of paper products, paperboard and corrugated carton containers, and all other allied products and processes. Its products are mainly used for packaging consumer goods, fresh fruits, canned sardines, furniture, and electronic goods.