IOI Bhd (XKLS:1961) Interest Expense : RM-121 Mil (TTM As of Dec. 2023)

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What is IOI Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. IOI Bhd's interest expense for the three months ended in Dec. 2023 was RM -39 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was RM-121 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. IOI Bhd's Operating Income for the three months ended in Dec. 2023 was RM 352 Mil. IOI Bhd's Interest Expense for the three months ended in Dec. 2023 was RM -39 Mil. IOI Bhd's Interest Coverage for the quarter that ended in Dec. 2023 was 8.94. 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.

IOI Bhd Interest Expense Historical Data

The historical data trend for IOI Bhd'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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IOI Bhd Interest Expense Chart

IOI Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-144.50

-148.70

-147.90

-148.10

-118.90

IOI Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-38.80	-35.40	-6.40	-40.20	-39.40

IOI Bhd 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 quarterly data reported by the company within the most recent 12 months, which was RM-121 Mil.

IOI Bhd (XKLS:1961) 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.

IOI Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-39 Mil. Its Operating Income for the three months ended in Dec. 2023 was RM352 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was RM2,840 Mil.

IOI Bhd'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	*	352.2	/	-39.4
	=	8.94

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

IOI Bhd (XKLS:1961) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » IOI Corp Bhd (XKLS:1961) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 29,IOI City Tower 2, Lebuh IRC, IOI Resort City, Wilayah Persekutuan, Putrajaya, SGR, MYS, 62502

Website

https://www.ioigroup.com

IOI Corp Bhd is a palm oil producer. Its operations include oil palm plantations and Resource-based manufacturing divisions. The plantations are monitored to check oil palm nutrient status, seed breeding, ground conditions, and other data sources to improve the efficiency of each estate. The majority of revenue from the plantations comes from sales to its manufacturing divisions. Once the oil reaches the manufacturing divisions, it can be refined to create snack ingredients, soap, plastics, fatty acids, and other oils. The products are exported worldwide to many different customers, including some multinational corporations.

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