Union Steel Holdings (SGX:ZB9) Interest Expense : S$-1.8 Mil (TTM As of Dec. 2023)

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What is Union Steel Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Union Steel Holdings's interest expense for the six months ended in Dec. 2023 was S$ -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-1.8 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. Union Steel Holdings's Operating Income for the six months ended in Dec. 2023 was S$ 5.9 Mil. Union Steel Holdings's Interest Expense for the six months ended in Dec. 2023 was S$ -0.8 Mil. Union Steel Holdings's Interest Coverage for the quarter that ended in Dec. 2023 was 7.43. 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.

Union Steel Holdings Interest Expense Historical Data

The historical data trend for Union Steel Holdings'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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Union Steel Holdings Interest Expense Chart

Union Steel Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1.03

-1.60

-1.08

-0.90

-1.79

Union Steel Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.43	-0.47	-0.77	-1.02	-0.79

Union Steel Holdings 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-1.8 Mil.

Union Steel Holdings (SGX:ZB9) 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.

Union Steel Holdings's Interest Expense for the six months ended in Dec. 2023 was S$-0.8 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$5.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$17.0 Mil.

Union Steel Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5.899	/	-0.794
	=	7.43

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

Union Steel Holdings (SGX:ZB9) Business Description

Industry

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Traded in Other Exchanges

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Address

33 Pioneer Road North, Singapore, SGP, 628474

Website

http://www.unionsteel.com.sg

Union Steel Holdings Ltd is an investment holding company. Its operating segments are Metals that include import and export of scrap metals, trading, and leasing of metal products; Scaffolding that provides scaffolding services and related consultancy services; Engineering including civil construction and engineering work, manufacturing of motor vehicle bodies, and sale and rental of marine deck equipment; Others that include income from the rental of properties. The company generates the majority of revenue from the Metals segment. Geographically, the company operates mainly in Singapore followed by India, South Africa, Malaysia, Indonesia, Pakistan, Netherlands, and Others.

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