Sinostar Pec Holdings (SGX:C9Q) Interest Expense : S$-6 Mil (TTM As of Mar. 2024)

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What is Sinostar Pec Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sinostar Pec Holdings's interest expense for the three months ended in Mar. 2024 was S$ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was S$-6 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. Sinostar Pec Holdings's Operating Income for the three months ended in Mar. 2024 was S$ 23 Mil. Sinostar Pec Holdings's Interest Expense for the three months ended in Mar. 2024 was S$ -1 Mil. Sinostar Pec Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 18.57. 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.

Sinostar Pec Holdings Interest Expense Historical Data

The historical data trend for Sinostar Pec Holdings'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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Sinostar Pec Holdings Interest Expense Chart

Sinostar Pec Holdings Annual Data

Trend

Dec14

Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9.91

-7.83

-10.52

-9.25

-6.48

Sinostar Pec Holdings 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															-1.90	-1.71	-1.53	-1.43	-1.22

Sinostar Pec Holdings 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 S$-6 Mil.

Sinostar Pec Holdings (SGX:C9Q) 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.

Sinostar Pec Holdings's Interest Expense for the three months ended in Mar. 2024 was S$-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was S$23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was S$66 Mil.

Sinostar Pec Holdings'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	*	22.675	/	-1.221
	=	18.57

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

Sinostar Pec Holdings (SGX:C9Q) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinostar Pec Holdings Ltd (SGX:C9Q) » Definitions » Interest Expense

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Address

27 Huanghe Road, Shandong Province, Dongming County, Heze, CHN, 274500

Website

http://www.sinostar-pec.com

Sinostar Pec Holdings Ltd is a producer and supplier of downstream petrochemical products. The key products of the company are Processed LPG, Propylene, Purified Isobutylene, Hydrogen, Methyl Tert-butyl Ether (MTBE), Polypropylene and Logistics and Transport. The company operates in two segments that are Gas Seperation, and Trasport and Logistic Service. Processed LPG is a type of liquefied petroleum gas used as a source of fuel by households and industrial manufacturers mainly sold as household fuel through LPG distributors. All the operations of the company are principally carried out in China.

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