Mabuhay Vinyl (PHS:MVC) Interest Expense : ₱-9 Mil (TTM As of Mar. 2024)

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What is Mabuhay Vinyl Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mabuhay Vinyl's interest expense for the three months ended in Mar. 2024 was ₱ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-9 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. Mabuhay Vinyl's Operating Income for the three months ended in Mar. 2024 was ₱ 109 Mil. Mabuhay Vinyl's Interest Expense for the three months ended in Mar. 2024 was ₱ -2 Mil. Mabuhay Vinyl's Interest Coverage for the quarter that ended in Mar. 2024 was 48.47. 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.

Mabuhay Vinyl Interest Expense Historical Data

The historical data trend for Mabuhay Vinyl'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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Mabuhay Vinyl Interest Expense Chart

Mabuhay Vinyl Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.25

-2.13

-2.77

-4.13

-7.37

Mabuhay Vinyl 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															-1.00	-1.01	-0.96	-4.40	-2.25

Mabuhay Vinyl 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 ₱-9 Mil.

Mabuhay Vinyl (PHS:MVC) 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.

Mabuhay Vinyl's Interest Expense for the three months ended in Mar. 2024 was ₱-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱109 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱113 Mil.

Mabuhay Vinyl'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	*	109.256	/	-2.254
	=	48.47

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. Mabuhay Vinyl Corp has enough cash to cover all of its debt. Its financial situation is stable.

Mabuhay Vinyl (PHS:MVC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mabuhay Vinyl Corp (PHS:MVC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

169 H.V. Dela Costa Street, 22nd Floor, The Salcedo Towers, Salcedo Village, Makati City, PHL, 1227

Website

https://www.mvc.com.ph

Mabuhay Vinyl Corp is a Philippines based Chlor-Alkali chemical producer. It focuses on manufacturing and distributing basic and intermediate chemicals. Some of its products are caustic soda, hydrochloric acid, sodium hypochlorite and chlorine which are widely used in diversified industries. The Group considers the manufacturing and distribution of basic and intermediate chemicals as its business activity and only operating segment.