Marco Polo Marine (SGX:5LY) Interest Expense : S$-0.4 Mil (TTM As of Mar. 2024)

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What is Marco Polo Marine Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marco Polo Marine's interest expense for the six months ended in Mar. 2024 was S$ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was S$-0.4 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. Marco Polo Marine's Operating Income for the six months ended in Mar. 2024 was S$ 13.2 Mil. Marco Polo Marine's Interest Expense for the six months ended in Mar. 2024 was S$ -0.1 Mil. Marco Polo Marine's Interest Coverage for the quarter that ended in Mar. 2024 was 110.20. 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.

Marco Polo Marine Interest Expense Historical Data

The historical data trend for Marco Polo Marine'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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Marco Polo Marine Interest Expense Chart

Marco Polo Marine Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Interest Expense

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-0.01

-0.04

-0.14

-0.13

-0.31

Marco Polo Marine Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.06	-0.07	-0.06	-0.25	-0.12

Marco Polo Marine 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 semi-annually data reported by the company within the most recent 12 months, which was S$-0.4 Mil.

Marco Polo Marine (SGX:5LY) 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.

Marco Polo Marine's Interest Expense for the six months ended in Mar. 2024 was S$-0.1 Mil. Its Operating Income for the six months ended in Mar. 2024 was S$13.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was S$4.8 Mil.

Marco Polo Marine'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	*	13.224	/	-0.12
	=	110.20

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. Marco Polo Marine Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Marco Polo Marine (SGX:5LY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Marco Polo Marine Ltd (SGX:5LY) » Definitions » Interest Expense

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MRPMF:USA

Address

66 Kallang Pudding Road, No.05-01 Hor Kew Business Centre, Singapore, SGP, 349324

Website

https://www.marcopolomarine.com.sg

Marco Polo Marine Ltd is a Singapore-based integrated marine logistics company. It is principally engaged in the shipping and shipyard businesses. The company's business segments include Ship chartering services, which relate to charter hire activities; and Shipbuilding & repair services, which relates to sales of goods, shipbuilding and ship repair activities. It generates maximum revenue from Ship chartering services segment. The company operates internationally and generates the majority of its revenue from its activities in Singapore.

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