Vibrant Group (SGX:BIP) Interest Expense : S$-9.5 Mil (TTM As of Oct. 2023)

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What is Vibrant Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vibrant Group's interest expense for the six months ended in Oct. 2023 was S$ -4.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Oct. 2023 was S$-9.5 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. Vibrant Group's Operating Income for the six months ended in Oct. 2023 was S$ 1.9 Mil. Vibrant Group's Interest Expense for the six months ended in Oct. 2023 was S$ -4.7 Mil. Vibrant Group's Interest Coverage for the quarter that ended in Oct. 2023 was 0.40. 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.

Vibrant Group Interest Expense Historical Data

The historical data trend for Vibrant Group'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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Vibrant Group Interest Expense Chart

Vibrant Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-16.31

-15.00

-11.82

-10.12

-9.61

Vibrant Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Interest Expense	Get a 7-Day Free Trial															-5.16	-4.96	-4.86	-4.75	-4.72

Vibrant Group 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 Oct. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-9.5 Mil.

Vibrant Group (SGX:BIP) 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.

Vibrant Group's Interest Expense for the six months ended in Oct. 2023 was S$-4.7 Mil. Its Operating Income for the six months ended in Oct. 2023 was S$1.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Oct. 2023 was S$144.9 Mil.

Vibrant Group's Interest Coverage for the quarter that ended in Oct. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Oct. 2023 )	/	Interest Expense (Q: Oct. 2023 )
	=	-1	*	1.885	/	-4.721
	=	0.40

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. Vibrant Group Ltd interest coverage is 1.12, which is low.

Vibrant Group (SGX:BIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Vibrant Group Ltd (SGX:BIP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Penjuru Road No. 04-00, Freight Links Express Logisticentre, Singapore, SGP, 609143

Website

https://www.vibrant.com.sg

Vibrant Group Ltd offers integrated logistics services, design and building of commercial and industrial facilities and property development. The company's operating segment includes Freight and logistics; Financial services and Real estate. It generates maximum revenue from the Freight and logistics segment. The freight and logistics segment provides logistics services, including warehousing services, transportation services, inventory management services, and record management services. Geographically, it derives a majority of revenue from Singapore.