Infinity Logistics And Transport Ventures (HKSE:01442) Interest Expense : HK$-20.6 Mil (TTM As of Dec. 2023)

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What is Infinity Logistics And Transport Ventures Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Infinity Logistics And Transport Ventures's interest expense for the six months ended in Dec. 2023 was HK$ -11.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was HK$-20.6 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. Infinity Logistics And Transport Ventures's Operating Income for the six months ended in Dec. 2023 was HK$ 19.8 Mil. Infinity Logistics And Transport Ventures's Interest Expense for the six months ended in Dec. 2023 was HK$ -11.1 Mil. Infinity Logistics And Transport Ventures's Interest Coverage for the quarter that ended in Dec. 2023 was 1.79. 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.

Infinity Logistics And Transport Ventures Interest Expense Historical Data

The historical data trend for Infinity Logistics And Transport Ventures'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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Infinity Logistics And Transport Ventures Interest Expense Chart

Infinity Logistics And Transport Ventures Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.32

-7.90

-8.18

-15.54

-20.53

Infinity Logistics And Transport Ventures Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial									-4.94	-6.98	-8.63	-9.54	-11.07

Infinity Logistics And Transport Ventures 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 semi-annually data reported by the company within the most recent 12 months, which was HK$-20.6 Mil.

Infinity Logistics And Transport Ventures (HKSE:01442) 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.

Infinity Logistics And Transport Ventures's Interest Expense for the six months ended in Dec. 2023 was HK$-11.1 Mil. Its Operating Income for the six months ended in Dec. 2023 was HK$19.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was HK$299.3 Mil.

Infinity Logistics And Transport Ventures'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	*	19.823	/	-11.074
	=	1.79

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

Infinity Logistics And Transport Ventures (HKSE:01442) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Infinity Logistics And Transport Ventures Ltd (HKSE:01442) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Kasuarina 8, Infinity House, Bandar Botanic, Klang, Klang, SGR, MYS, 41200

Website

https://www.infinity.com.my

Infinity Logistics And Transport Ventures Ltd is an investment holding company. It operates in three segments: Integrated freight forwarding services segment, which provides non-vessel operating common carriers (NVOCC) and freight forwarding services; Logistics center and related services segment provides warehousing and container depot services; Land transportation services segment provides land transportation services; Flexitank solution & related services segment provides flexitank solution and related services; and Fourth-party Logistics (4PL) services. The company's geographical segments include China, Indonesia, Malaysia, Netherlands, Singapore, South Korea, Thailand, Vietnam, and Others, of which maximum revenue comes from Malaysia.

Executives

2926 Holdings Limited	2103 Interests held jointly with another person
Chan Kong Yew
Kwan Siew Deeg
Lo Shing Ping
Tan Jyh Yaong

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