Gallant Venture (SGX:5IG) Interest Expense : S$-37.5 Mil (TTM As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Gallant Venture Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gallant Venture's interest expense for the six months ended in Dec. 2023 was S$ -19.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-37.5 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. Gallant Venture's Operating Income for the six months ended in Dec. 2023 was S$ 10.9 Mil. Gallant Venture's Interest Expense for the six months ended in Dec. 2023 was S$ -19.9 Mil. Gallant Venture's Interest Coverage for the quarter that ended in Dec. 2023 was 0.55. 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.

Gallant Venture Interest Expense Historical Data

The historical data trend for Gallant Venture'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.

* Premium members only.

Gallant Venture Interest Expense Chart

Gallant Venture Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-30.27

-21.93

-19.77

-27.31

-37.52

Gallant Venture 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															-11.23	-10.72	-16.59	-17.59	-19.92

Gallant Venture 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$-37.5 Mil.

Gallant Venture (SGX:5IG) 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.

Gallant Venture's Interest Expense for the six months ended in Dec. 2023 was S$-19.9 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$10.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$316.2 Mil.

Gallant Venture'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	*	10.877	/	-19.924
	=	0.55

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. Gallant Venture Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Gallant Venture (SGX:5IG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gallant Venture Ltd (SGX:5IG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 HarbourFront Place, No. 16-01 HarbourFront Tower Two, Singapore, SGP, 099254

Website

http://www.gallantventure.com

Gallant Venture Ltd is an investment holding company. The company operates in different segments: Utilities, which is engaged in activities of provision of electricity and water supply, telecommunication services, and waste management services; Industrial parks, which is into the development, construction, operation, and maintenance of industrial properties; Resort operations, which are engaged in the provision of services to resort operation; and Property development, which is engaged in activities of developing industrial and resort properties. The majority is from the utilities segment. Geographically, the Group operates mainly in Indonesia.

Gallant Venture (SGX:5IG) Headlines

No Headlines