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Sin Heng Heavy Machinery (SGX:BKA) Interest Expense : S$-0.20 Mil (TTM As of Jun. 2024)


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What is Sin Heng Heavy Machinery Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sin Heng Heavy Machinery's interest expense for the six months ended in Jun. 2024 was S$ -0.10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was S$-0.20 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. Sin Heng Heavy Machinery's Operating Income for the six months ended in Jun. 2024 was S$ 4.27 Mil. Sin Heng Heavy Machinery's Interest Expense for the six months ended in Jun. 2024 was S$ -0.10 Mil. Sin Heng Heavy Machinery's Interest Coverage for the quarter that ended in Jun. 2024 was 44.46. 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.

Sin Heng Heavy Machinery Interest Expense Historical Data

The historical data trend for Sin Heng Heavy Machinery'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.

Sin Heng Heavy Machinery Interest Expense Chart

Sin Heng Heavy Machinery Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.99 -0.47 -0.18 -0.06 -0.18

Sin Heng Heavy Machinery 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.03 -0.04 -0.08 -0.10 -0.10

Sin Heng Heavy Machinery 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$-0.20 Mil.

* 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.

Sin Heng Heavy Machinery  (SGX:BKA) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Sin Heng Heavy Machinery's Interest Expense for the six months ended in Jun. 2024 was S$-0.10 Mil. Its Operating Income for the six months ended in Jun. 2024 was S$4.27 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was S$4.49 Mil.

Sin Heng Heavy Machinery's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*4.268/-0.096
=44.46

* 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.

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

Sin Heng Heavy Machinery Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sin Heng Heavy Machinery Ltd (SGX:BKA) » Definitions » Interest Expense
Comparable Companies
SGX:1A1 CAT DE PCAR OSTO:VOLV A TSE:6201 TSE:6301 XAMS:EXO OSTO:EPI A SHSE:600031 TSE:6326 CNHI SZSE:000425 AGCO SZSE:000157 OHEL:METSO BOM:500477 OSK TSE:6305 HKSE:03808
Traded in Other Exchanges
SNVA:Germany
Address
26 Gul Road, Singapore, SGP, 629346
Website
http://www.sinheng.com.sg
Sin Heng Heavy Machinery Ltd is a lifting service provider. The core business activities are the rental and trading of cranes, aerial lifts, and other lifting equipment. The company has two reportable operating segments namely Equipment rental and Trading. Equipment rental includes the rental of cranes and aerial lifts. Trading includes trading of cranes and aerial lifts. The majority of the group's revenue comes from Singapore.

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