Grand Venture Technology (SGX:JLB) Interest Expense : S$-2.7 Mil (TTM As of Jun. 2024)

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What is Grand Venture Technology Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Grand Venture Technology's interest expense for the six months ended in Jun. 2024 was S$ -1.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was S$-2.7 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. Grand Venture Technology's Operating Income for the six months ended in Jun. 2024 was S$ 5.4 Mil. Grand Venture Technology's Interest Expense for the six months ended in Jun. 2024 was S$ -1.5 Mil. Grand Venture Technology's Interest Coverage for the quarter that ended in Jun. 2024 was 3.60. 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.

Grand Venture Technology Interest Expense Historical Data

The historical data trend for Grand Venture Technology'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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Grand Venture Technology Interest Expense Chart

Grand Venture Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.09

-1.42

-1.73

-2.35

Grand Venture Technology Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial												-1.15	-1.21	-1.18	-1.17	-1.50

Grand Venture Technology 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$-2.7 Mil.

Grand Venture Technology (SGX:JLB) 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.

Grand Venture Technology's Interest Expense for the six months ended in Jun. 2024 was S$-1.5 Mil. Its Operating Income for the six months ended in Jun. 2024 was S$5.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was S$48.8 Mil.

Grand Venture Technology'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	*	5.395	/	-1.499
	=	3.60

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

Grand Venture Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Grand Venture Technology Ltd (SGX:JLB) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

2 Changi North Street 1, GVT Building, Singapore, SGP, 498828

Website

https://www.gvt.com.sg

Grand Venture Technology Ltd is a manufacturing solution and service provider for the semiconductor, analytical life sciences, electronics and other industries with operations in Singapore, Penang (Malaysia) and Suzhou. The company's business segments are Life sciences, electronical, Aerospace, Medical and others and Semiconductor. The semiconductor segment generates more revenue for the firm. The Semiconductor segment involves the manufacturing of electrical components and devices such as transistors and diodes for equipment providers for semiconductor manufacturing and electronics assembly solutions.

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