Reclaims Global (SGX:NEX) Interest Expense : S$-0.03 Mil (TTM As of Jan. 2024)

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What is Reclaims Global Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reclaims Global's interest expense for the six months ended in Jan. 2024 was S$ -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was S$-0.03 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. Reclaims Global's Operating Income for the six months ended in Jan. 2024 was S$ 0.24 Mil. Reclaims Global's Interest Expense for the six months ended in Jan. 2024 was S$ -0.01 Mil. Reclaims Global's Interest Coverage for the quarter that ended in Jan. 2024 was 22.00. 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.

Reclaims Global Interest Expense Historical Data

The historical data trend for Reclaims Global'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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Reclaims Global Interest Expense Chart

Reclaims Global Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Interest Expense

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-0.19

-0.11

-0.09

-0.04

-0.03

Reclaims Global Semi-Annual Data
	Jan16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Interest Expense	Get a 7-Day Free Trial											-0.04	-0.02	-0.02	-0.02	-0.01

Reclaims Global 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 Jan. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-0.03 Mil.

Reclaims Global (SGX:NEX) 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.

Reclaims Global's Interest Expense for the six months ended in Jan. 2024 was S$-0.01 Mil. Its Operating Income for the six months ended in Jan. 2024 was S$0.24 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jan. 2024 was S$0.00 Mil.

Reclaims Global's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	0.242	/	-0.011
	=	22.00

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. Reclaims Global Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Reclaims Global (SGX:NEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Reclaims Global Ltd (SGX:NEX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Tuas South Street 7, Singapore, SGP, 637114

Website

https://www.reclaims.sg

Reclaims Global Ltd is an integrated service provider in the construction industry. The group specializes in the recycling of construction and demolition waste, customisation of excavation solutions, and operating fleet management. Its operating business segments are recycling, excavation services, and logistics and leasing. The company derives maximum revenue from the logistics and leasing segment. Its excavation services segment performs land clearing, excavation, and removal of construction and demolition waste. The Excavation services consist of demolition works, site clearance, reshaping, backfilling, and compacting and turfing.