Ideal Capital Bhd (XKLS:9687) Interest Expense : RM-4.5 Mil (TTM As of Dec. 2023)

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What is Ideal Capital Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ideal Capital Bhd's interest expense for the three months ended in Dec. 2023 was RM -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was RM-4.5 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. Ideal Capital Bhd's Operating Income for the three months ended in Dec. 2023 was RM 19.9 Mil. Ideal Capital Bhd's Interest Expense for the three months ended in Dec. 2023 was RM -0.8 Mil. Ideal Capital Bhd's Interest Coverage for the quarter that ended in Dec. 2023 was 25.28. 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.

Ideal Capital Bhd Interest Expense Historical Data

The historical data trend for Ideal Capital 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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Ideal Capital Bhd Interest Expense Chart

Ideal Capital Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.03

-2.97

-4.19

-4.24

-4.48

Ideal Capital 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															-0.21	-1.09	-1.42	-1.18	-0.79

Ideal Capital 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-4.5 Mil.

Ideal Capital Bhd (XKLS:9687) 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.

Ideal Capital Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-0.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was RM19.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was RM403.2 Mil.

Ideal Capital 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	*	19.924	/	-0.788
	=	25.28

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

Ideal Capital Bhd (XKLS:9687) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ideal Capital Bhd (XKLS:9687) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Jalan Mahsuri, No. 71-5, Ideal @ The One, Bayan Lepas, PNG, MYS, 11950

Website

https://www.iubib.com.my

Ideal Capital Bhd is a Malaysia-based investment holding company engaged in the trading of heavy machinery and spare parts, and property development activities. The group has three reportable segments namely, the Trading segment which includes trading of heavy machinery and spare parts, the Property development segment which relates to property development activities, and Project investment and project management engaged in rental income and property management services. The company operates in Malaysia and generates the majority of its revenue from the Property development segment.

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