Synergetic Auto Performance PCL (BKK:ASAP-R) Interest Expense : ฿-230 Mil (TTM As of Mar. 2024)

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What is Synergetic Auto Performance PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Synergetic Auto Performance PCL's interest expense for the three months ended in Mar. 2024 was ฿ -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ฿-230 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. Synergetic Auto Performance PCL's Operating Income for the three months ended in Mar. 2024 was ฿ 164 Mil. Synergetic Auto Performance PCL's Interest Expense for the three months ended in Mar. 2024 was ฿ -64 Mil. Synergetic Auto Performance PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 2.56. 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.

Synergetic Auto Performance PCL Interest Expense Historical Data

The historical data trend for Synergetic Auto Performance PCL'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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Synergetic Auto Performance PCL Interest Expense Chart

Synergetic Auto Performance PCL Annual Data

Trend

Dec14

Dec15

Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-409.09

-386.15

-359.45

-275.70

-227.06

Synergetic Auto Performance PCL 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															-61.32	-58.65	-56.39	-50.71	-64.32

Synergetic Auto Performance PCL 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 ฿-230 Mil.

Synergetic Auto Performance PCL (BKK:ASAP-R) 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.

Synergetic Auto Performance PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-64 Mil. Its Operating Income for the three months ended in Mar. 2024 was ฿164 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ฿3,364 Mil.

Synergetic Auto Performance PCL'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	*	164.399	/	-64.319
	=	2.56

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. Synergetic Auto Performance PCLs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Synergetic Auto Performance PCL (BKK:ASAP-R) Business Description

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ASAP:Thailand

Address

149 Moo 3, Theparak Road, Theparak, A., Muang Samutprakarn, Samut Prakarn, THA, 10270

Website

https://www.asapcarrent.com

Synergetic Auto Performance PCL is a Thailand-based company engaged in the car rental business. The principal activity of the company is to provide cars for rent and selling of used cars, including related car maintenance services and renting property. The company operates in four principal segments: Car rental; Selling of used cars; and Renting property and other services, Non-life insurance broker. Its operations are mainly carried in Thailand. The company generates a vast majority of the revenues from the Car rental business.

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