Mfc Asset Management Public Co (BKK:MFC) Interest Expense : ฿-4 Mil (TTM As of Dec. 2023)

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What is Mfc Asset Management Public Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mfc Asset Management Public Co's interest expense for the three months ended in Dec. 2023 was ฿ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ฿-4 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. Mfc Asset Management Public Co's Operating Income for the three months ended in Dec. 2023 was ฿ 38 Mil. Mfc Asset Management Public Co's Interest Expense for the three months ended in Dec. 2023 was ฿ -2 Mil. Mfc Asset Management Public Co's Interest Coverage for the quarter that ended in Dec. 2023 was 21.77. 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.

Mfc Asset Management Public Co Interest Expense Historical Data

The historical data trend for Mfc Asset Management Public Co'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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Mfc Asset Management Public Co Interest Expense Chart

Mfc Asset Management Public Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.05

-7.51

-5.80

-3.52

-3.92

Mfc Asset Management Public Co 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															-0.66	-0.49	-0.41	-1.26	-1.76

Mfc Asset Management Public Co 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 ฿-4 Mil.

Mfc Asset Management Public Co (BKK:MFC) 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.

Mfc Asset Management Public Co's Interest Expense for the three months ended in Dec. 2023 was ฿-2 Mil. Its Operating Income for the three months ended in Dec. 2023 was ฿38 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ฿152 Mil.

Mfc Asset Management Public Co'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	*	38.255	/	-1.757
	=	21.77

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mfc Asset Management Public Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Mfc Asset Management Public Co (BKK:MFC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Mfc Asset Management Public Co Ltd (BKK:MFC) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Ratchadaphisek Road, 199 Column Tower, Ground Floor and 21st - 23rd Floor, Khlong-Toey, Bangkok, THA, 10110

Website

https://www.mfcfund.com

Mfc Asset Management Public Co Ltd is a Thailand-based company that engages in the provision of fund management services. The company is licensed to manage mutual funds, provident funds, private funds, securities registrar, and real estate investment trusts. Its only operating segment is fund management.