ICP (SGX:5I4) Interest Expense : S$-0.93 Mil (TTM As of Dec. 2023)

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What is ICP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ICP's interest expense for the six months ended in Dec. 2023 was S$ -0.48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-0.93 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. ICP's Operating Income for the six months ended in Dec. 2023 was S$ 2.17 Mil. ICP's Interest Expense for the six months ended in Dec. 2023 was S$ -0.48 Mil. ICP's Interest Coverage for the quarter that ended in Dec. 2023 was 4.52. 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.

ICP Interest Expense Historical Data

The historical data trend for ICP'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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ICP Interest Expense Chart

ICP Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-0.45

-0.74

-0.91

-0.89

-0.93

ICP Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.45	-0.44	-0.48	-0.45	-0.48

ICP 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 S$-0.93 Mil.

ICP (SGX:5I4) 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.

ICP's Interest Expense for the six months ended in Dec. 2023 was S$-0.48 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$2.17 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$15.75 Mil.

ICP'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	*	2.169	/	-0.48
	=	4.52

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. ICP Ltd interest coverage is 3.78, which is low.

ICP (SGX:5I4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ICP Ltd (SGX:5I4) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

GD1M:Germany

Address

23-01, 6 Temasek Boulevard, Suntec Tower Four, Singapore, SGP, 038986

Website

https://www.icp.com.sg

ICP Ltd is an investment holding and management company. The business of the company is involved in segments that include Vessels Chartering; which charters vessels, Hospitality; which provides hotel management consultancy services, and Investment Holding; which includes investment and management activities. The Hospitality business segment generates maximum revenue for the company. Geographically the company exports its product to Signapore, Japan, Thailand, Hong Kong, Malaysia, Korea and other regions. Its Hospitality segment operates under the brand name Travelodge.

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