Solid Group (PHS:SGI) Interest Expense : ₱-5 Mil (TTM As of Mar. 2024)

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What is Solid Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solid Group'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 ₱-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. Solid Group's Operating Income for the three months ended in Mar. 2024 was ₱ 32 Mil. Solid Group's Interest Expense for the three months ended in Mar. 2024 was ₱ -2 Mil. Solid Group's Interest Coverage for the quarter that ended in Mar. 2024 was 13.77. 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.

Solid Group Interest Expense Historical Data

The historical data trend for Solid Group'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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Solid Group Interest Expense Chart

Solid Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-4.88

-1.81

-1.03

-0.51

-1.70

Solid Group 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															-0.05	-1.56	-0.04	-1.53	-2.29

Solid Group 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 ₱-5 Mil.

Solid Group (PHS:SGI) 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.

Solid Group'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 ₱32 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱190 Mil.

Solid Group'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	*	31.591	/	-2.294
	=	13.77

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

Solid Group (PHS:SGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid Group Inc (PHS:SGI) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

2285 Don Chino Roces Avenue Extension, Green Sun, Makati, PHL, 1231

Website

https://www.solidgroup.com.ph

Solid Group Inc operates as an investment holding company. It operates its business in various segments that include Distribution involved in the sale of mobile phones and devices, and the sale of prefabricated modular houses; Property and related services involved in the leasing, development and sale of industrial and other real estate properties and hotel and restaurant operations; Logistics and Technical solutions engaged in the business of sale of professional audio and video equipment, after-sales services, warehousing and distribution; and, Investment and others include investment holding companies, and those included in the business of financing and credit extension.

Solid Group (PHS:SGI) Headlines

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