Tiong Seng Holdings (SGX:BFI) Interest Expense : S$-6.6 Mil (TTM As of Jun. 2024)

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What is Tiong Seng Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tiong Seng Holdings's interest expense for the six months ended in Jun. 2024 was S$ -3.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was S$-6.6 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. Tiong Seng Holdings's Operating Income for the six months ended in Jun. 2024 was S$ -1.5 Mil. Tiong Seng Holdings's Interest Expense for the six months ended in Jun. 2024 was S$ -3.0 Mil. Tiong Seng Holdings did not have earnings to cover the interest expense. 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.

Tiong Seng Holdings Interest Expense Historical Data

The historical data trend for Tiong Seng Holdings'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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Tiong Seng Holdings Interest Expense Chart

Tiong Seng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-5.29

-3.91

-3.08

-4.28

-6.38

Tiong Seng Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial															-1.09	-3.19	-2.77	-3.61	-2.97

Tiong Seng Holdings 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-6.6 Mil.

Tiong Seng Holdings (SGX:BFI) 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.

Tiong Seng Holdings's Interest Expense for the six months ended in Jun. 2024 was S$-3.0 Mil. Its Operating Income for the six months ended in Jun. 2024 was S$-1.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was S$10.5 Mil.

Tiong Seng Holdings's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Tiong Seng Holdings did not have earnings to cover the interest expense.

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

Tiong Seng Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tiong Seng Holdings Ltd (SGX:BFI) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

21 Fan Yoong Road, Singapore, SGP, 629796

Website

https://www.tiongseng.com.sg

Tiong Seng Holdings Ltd operates as a construction and property development firm. It undertakes a wide range of projects of different variables such as residential, commercial, institutional, civil engineering, foundation and infrastructural projects. The firm has three segments, Construction: which derives the majority of revenue and relates to acting as main contractors in the construction and civil engineering projects and provision of construction; Engineering solutions: which relates to manufacturing and supplying precast and prefabricated components and provision of steel and mass-engineered timber. Property development: relates to the development and sales of properties. Most of its revenue is earned through construction services across Singapore. also has a presence in Malaysia.

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