Vantage Equities (PHS:V) Interest Expense : ₱-3 Mil (TTM As of Sep. 2024)

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What is Vantage Equities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vantage Equities's interest expense for the three months ended in Sep. 2024 was ₱ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₱-3 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. Vantage Equities's Operating Income for the three months ended in Sep. 2024 was ₱ 502 Mil. Vantage Equities's Interest Expense for the three months ended in Sep. 2024 was ₱ -1 Mil. Vantage Equities's Interest Coverage for the quarter that ended in Sep. 2024 was 934.16. 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.

Vantage Equities Interest Expense Historical Data

The historical data trend for Vantage Equities'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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Vantage Equities Interest Expense Chart

Vantage Equities Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-5.55

-3.79

-4.23

-8.18

-1.81

Vantage Equities Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.34	-0.67	-0.65	-0.96	-0.54

Vantage Equities 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₱-3 Mil.

Vantage Equities (PHS:V) 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.

Vantage Equities's Interest Expense for the three months ended in Sep. 2024 was ₱-1 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₱502 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₱22 Mil.

Vantage Equities's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	501.645	/	-0.537
	=	934.16

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. Vantage Equities Inc has enough cash to cover all of its debt. Its financial situation is stable.

Vantage Equities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Vantage Equities Inc (PHS:V) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

28th Street Corner 5th Avenue, 15th Floor, Philippine Stock Exchange Tower, Bonifacio Global City, Metro Manila, Taguig, PHL, 1605

Website

http://www.vantage.com.ph

Vantage Equities Inc is a Philippines-based investment and financial holding company. The company operates business into three segments as follows: Investment holdings- The investment holdings segment deals in the acquisition and sale of financial instruments. Remittance services - The remittance services segment provides the infrastructure and services as the largest direct agent for money transfer of Overseas Filipino Workers. Mutual fund management - This segment deals in the management of mutual funds. Subject to the management agreements with the respective funds, PEMI shall manage the resources and operations of the funds. Key revenue is generated from Investment Holdings segment.