Karin Technology Holdings (SGX:K29) Interest Expense : S$-2.1 Mil (TTM As of Dec. 2023)

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What is Karin Technology Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Karin Technology Holdings's interest expense for the six months ended in Dec. 2023 was S$ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-2.1 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. Karin Technology Holdings's Operating Income for the six months ended in Dec. 2023 was S$ 2.9 Mil. Karin Technology Holdings's Interest Expense for the six months ended in Dec. 2023 was S$ -0.9 Mil. Karin Technology Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 3.02. 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.

Karin Technology Holdings Interest Expense Historical Data

The historical data trend for Karin Technology 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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Karin Technology Holdings Interest Expense Chart

Karin Technology Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.84

-0.56

-0.24

-0.56

-1.78

Karin Technology Holdings 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															-0.23	-0.33	-0.67	-1.12	-0.95

Karin Technology 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-2.1 Mil.

Karin Technology Holdings (SGX:K29) 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.

Karin Technology Holdings's Interest Expense for the six months ended in Dec. 2023 was S$-0.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$2.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$0.4 Mil.

Karin Technology Holdings'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	*	2.863	/	-0.947
	=	3.02

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

Karin Technology Holdings (SGX:K29) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Karin Technology Holdings Ltd (SGX:K29) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Wai Yip Street, 9th Floor, The Whitney, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.karingroup.com

Karin Technology Holdings Ltd is an investment holding company. Its operating segment includes Components Distribution; IT Infrastructure and Consumer Electronics Products. It generates maximum revenue from the IT Infrastructure segment which is engaged in the provision of computer data storage management solutions and services. The Components Distribution segment engages in the distribution and trading of electronic components and cables. Its Consumer Electronics Products segment engages in the distribution and retailing of consumer electronics products. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in Mainland China and Other Countries.

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