Resources Global Development (SGX:V7R) Interest Expense : S$-0.27 Mil (TTM As of Jun. 2024)

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What is Resources Global Development Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Resources Global Development's interest expense for the six months ended in Jun. 2024 was S$ -0.05 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was S$-0.27 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. Resources Global Development's Operating Income for the six months ended in Jun. 2024 was S$ 12.52 Mil. Resources Global Development's Interest Expense for the six months ended in Jun. 2024 was S$ -0.05 Mil. Resources Global Development's Interest Coverage for the quarter that ended in Jun. 2024 was 250.36. 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.

Resources Global Development Interest Expense Historical Data

The historical data trend for Resources Global Development'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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Resources Global Development Interest Expense Chart

Resources Global Development Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.39

-0.62

-0.22

-0.06

-0.45

Resources Global Development Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Interest Expense	Get a 7-Day Free Trial										-0.03	-0.04	-0.23	-0.22	-0.05

Resources Global Development 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$-0.27 Mil.

Resources Global Development (SGX:V7R) 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.

Resources Global Development's Interest Expense for the six months ended in Jun. 2024 was S$-0.05 Mil. Its Operating Income for the six months ended in Jun. 2024 was S$12.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2024 was S$2.20 Mil.

Resources Global Development'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	*	12.518	/	-0.05
	=	250.36

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

Resources Global Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Resources Global Development Ltd (SGX:V7R) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

144 Robinson Road, No. 11-02 Robinson Square, Singapore, SGP, 068908

Website

https://www.rgd.sg

Resources Global Development Ltd is engaged in the procurement and sale of coal within Indonesia. The company provides chartering services of tugboats, barges and bulk carriers to its customers to transport coal within the Indonesian territories. Through its subsidiary, it procures a supply of thermal coal from coal mines located in South Kalimantan, Indonesia for domestic sales. It operates Coal Shipping Services through its subsidiary, which covers domestic shipping routes mainly between coal mines located in South Kalimantan to the Java and Sulawesi islands in Indonesia. The company's coal shipping services include chartering services and transshipment services.

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