Asia Enterprises Holding (SGX:A55) Interest Expense : S$-0.32 Mil (TTM As of Dec. 2023)

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What is Asia Enterprises Holding Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asia Enterprises Holding's interest expense for the six months ended in Dec. 2023 was S$ -0.16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-0.32 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. Asia Enterprises Holding's Operating Income for the six months ended in Dec. 2023 was S$ 4.47 Mil. Asia Enterprises Holding's Interest Expense for the six months ended in Dec. 2023 was S$ -0.16 Mil. Asia Enterprises Holding's Interest Coverage for the quarter that ended in Dec. 2023 was 27.93. 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.

Asia Enterprises Holding Interest Expense Historical Data

The historical data trend for Asia Enterprises Holding'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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Asia Enterprises Holding Interest Expense Chart

Asia Enterprises Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.31

-0.34

-0.35

-0.34

-0.32

Asia Enterprises Holding Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.21	-0.18	-0.16	-0.16	-0.16

Asia Enterprises Holding 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-0.32 Mil.

Asia Enterprises Holding (SGX:A55) 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.

Asia Enterprises Holding's Interest Expense for the six months ended in Dec. 2023 was S$-0.16 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$4.47 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$7.93 Mil.

Asia Enterprises Holding's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4.469	/	-0.16
	=	27.93

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

Asia Enterprises Holding (SGX:A55) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Enterprises Holding Ltd (SGX:A55) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Pioneer Sector Walk, Singapore, SGP, 627897

Website

http://www.asiaenterprises.com.sg

Asia Enterprises Holding Ltd is an investment holding firm. It's in the distribution of steel products to marine and Offshore Industries. The company operates through three segments namely, Steel distribution comprises of procuring, distributing, and trading of steel products; the Provision of steel processing segment is involved in the processing of steel materials for sale and the corporate segment is engaged in investment and management activities. Most of its revenue is earned from the Steel distribution segment. Geographically, it derives majority revenue from the Singapore market, while it also has a presence in Indonesia, Malaysia, and other countries.

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