Darco Water Technologies (SGX:BLR) Interest Expense : S$-0.78 Mil (TTM As of Jun. 2023)

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What is Darco Water Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Darco Water Technologies's interest expense for the six months ended in Jun. 2023 was S$ -0.43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was S$-0.78 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. Darco Water Technologies's Operating Income for the six months ended in Jun. 2023 was S$ 0.58 Mil. Darco Water Technologies's Interest Expense for the six months ended in Jun. 2023 was S$ -0.43 Mil. Darco Water Technologies's Interest Coverage for the quarter that ended in Jun. 2023 was 1.33. 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.

Darco Water Technologies Interest Expense Historical Data

The historical data trend for Darco Water Technologies'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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Darco Water Technologies Interest Expense Chart

Darco Water Technologies Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.59

-0.55

-0.25

-0.77

-0.47

Darco Water Technologies Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.11	-0.66	-0.12	-0.35	-0.43

Darco Water Technologies 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-0.78 Mil.

Darco Water Technologies (SGX:BLR) 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.

Darco Water Technologies's Interest Expense for the six months ended in Jun. 2023 was S$-0.43 Mil. Its Operating Income for the six months ended in Jun. 2023 was S$0.58 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was S$3.58 Mil.

Darco Water Technologies's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	0.577	/	-0.434
	=	1.33

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. Darco Water Technologies Ltd interest coverage is 2.4, which is low.

Darco Water Technologies (SGX:BLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Darco Water Technologies Ltd (SGX:BLR) » Definitions » Interest Expense

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Address

120 Lower Delta Road, No. 04-03 Cendex Centre, Singapore, SGP, 169208

Website

https://www.darcowater.com

Darco Water Technologies Ltd is a provider of integrated engineering and knowledge-based water and waste water treatment solutions, and vacuum systems with a global presence in China, Malaysia and Singapore. It is also an Engineering, Procurement, and Construction player specializing in industrial water treatment. The company's segments include EE Systems that designs, fabricates, assembles, installs and commissions engineered water systems for industrial application; WM Services which services and maintains water and wastewater treatment plants; and Trading is engaged in the trade and supplies of goods comprising chemicals, electrical controls and related instruments used in water treatment systems.

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