Progressive Impact Bhd (XKLS:7201) Interest Expense : RM-5.14 Mil (TTM As of Mar. 2024)

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What is Progressive Impact Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Progressive Impact Bhd's interest expense for the three months ended in Mar. 2024 was RM -0.88 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-5.14 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. Progressive Impact Bhd's Operating Income for the three months ended in Mar. 2024 was RM 2.62 Mil. Progressive Impact Bhd's Interest Expense for the three months ended in Mar. 2024 was RM -0.88 Mil. Progressive Impact Bhd's Interest Coverage for the quarter that ended in Mar. 2024 was 2.96. 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.

Progressive Impact Bhd Interest Expense Historical Data

The historical data trend for Progressive Impact 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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Progressive Impact Bhd Interest Expense Chart

Progressive Impact Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.67

-1.92

-3.55

-3.93

-4.95

Progressive Impact 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															-0.69	-1.56	-0.68	-2.02	-0.88

Progressive Impact 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-5.14 Mil.

Progressive Impact Bhd (XKLS:7201) 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.

Progressive Impact Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0.88 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM2.62 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM0.47 Mil.

Progressive Impact 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	*	2.62	/	-0.884
	=	2.96

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. Progressive Impact Corp Bhd interest coverage is 1.54, which is low.

Progressive Impact Bhd (XKLS:7201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Progressive Impact Corp Bhd (XKLS:7201) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Lot 10, Jalan Astaka U8/84, Suite 5.02, Mercu PICORP, Bukit Jelutong, Shah Alam, SGR, MYS, 40150

Website

https://www.picorp.com.my

Progressive Impact Corp Bhd is a Malaysia-based investment company engaged in the provision of environmental consulting and monitoring, monitoring systems integration, ocean data monitoring, laboratory testing services, and wastewater treatment and solution. The group's business segments are Environmental consultancy and monitoring services that provide environmental-related services, Laboratory testing services that offer chemical testing, consultancy, and other related services, and Wastewater treatment and solutions engaged in the provision of sewerage and solid waste management systems. It operates in Malaysia, Indonesia, and Saudi Arabia, and generates its key revenue from Malaysia.

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