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Luster Industries Bhd (XKLS:5068) Interest Expense : RM-2.1 Mil (TTM As of Mar. 2024)


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What is Luster Industries Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Luster Industries Bhd's interest expense for the three months ended in Mar. 2024 was RM -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-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. Luster Industries Bhd's Operating Income for the three months ended in Mar. 2024 was RM 3.3 Mil. Luster Industries Bhd's Interest Expense for the three months ended in Mar. 2024 was RM -0.5 Mil. Luster Industries Bhd's Interest Coverage for the quarter that ended in Mar. 2024 was 7.30. 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.

Luster Industries Bhd Interest Expense Historical Data

The historical data trend for Luster Industries 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.

* Premium members only.

Luster Industries Bhd Interest Expense Chart

Luster Industries Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.55 -1.79 -0.68 -1.63 -2.14

Luster Industries Bhd 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.54 -0.55 -0.57 -0.48 -0.46

Luster Industries 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-2.1 Mil.

* 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.

Luster Industries Bhd  (XKLS:5068) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Luster Industries Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM3.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM35.3 Mil.

Luster Industries Bhd'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*3.334/-0.457
=7.30

* 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.

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. Luster Industries Bhd interest coverage is 4.12, which is low.

Luster Industries Bhd (XKLS:5068) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Luster Industries Bhd (XKLS:5068) » Definitions » Interest Expense
Comparable Companies
XKLS:5208 XKLS:0209 XKLS:0025 XKLS:0188 XKLS:5152 XKLS:0072 XKLS:7986 XKLS:0231 XKLS:5265 XKLS:7164 GE XTER:SIE XPAR:SU ETN XKRX:373220 ITW OSTO:ATCO A EMR PH AME
Traded in Other Exchanges
N/A
Address
Plot 36 & 37, Jalan PKNK Utama, Kawasan Perusahaan Sungai Petani, Sungai Petani, KDH, MYS, 08000
Website
http://www.lustergroup.com
Luster Industries Bhd is an investment holding company. The company along with its subsidiaries is engaged in Manufacturing of precision plastic parts, sub-assembly, die-casting components and precision engineering works; Construction and property development; Gaming and leisure; Glove manufacturing and EPCC Contract; and Others, which consist of investment holding and inactive companies. The company earns most of its revenue from precision plastic parts, sub-assembly, die-casting components and precision engineering works also majority from malaysian region.

Luster Industries Bhd (XKLS:5068) Headlines

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