Vitrox Bhd (XKLS:0097) Interest Expense : RM-4.1 Mil (TTM As of Mar. 2024)

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What is Vitrox Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vitrox Bhd's interest expense for the three months ended in Mar. 2024 was RM -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-4.1 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. Vitrox Bhd's Operating Income for the three months ended in Mar. 2024 was RM 20.0 Mil. Vitrox Bhd's Interest Expense for the three months ended in Mar. 2024 was RM -1.0 Mil. Vitrox Bhd's Interest Coverage for the quarter that ended in Mar. 2024 was 20.62. 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.

Vitrox Bhd Interest Expense Historical Data

The historical data trend for Vitrox Bhd'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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Vitrox Bhd Interest Expense Chart

Vitrox Bhd Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-2.06

-1.15

-0.64

-2.12

-4.11

Vitrox Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.95	-1.03	-1.07	-1.06	-0.97

Vitrox Bhd 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-4.1 Mil.

Vitrox Bhd (XKLS:0097) 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.

Vitrox Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-1.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM20.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM47.2 Mil.

Vitrox Bhd's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	20.042	/	-0.972
	=	20.62

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. Vitrox Corp Bhd has enough cash to cover all of its debt. Its financial situation is stable.

Vitrox Bhd (XKLS:0097) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Vitrox Corp Bhd (XKLS:0097) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

746, Persiaran Cassia Selatan 3, Batu Kawan Industrial Park, Bandar Cassia, MYS, 14110

Website

https://www.vitrox.com

Vitrox Corp Bhd is an investment holding company. It develops a vision inspection system and printed circuit board assemblies for microprocessor applications. A major part of its revenue is generated from the company's Malaysia region. Its products include Vision Inspection System; Tray-based Vision Handler; Advanced 3D Solder Paste Inspection System (SPI); Advanced 3D Optical Inspection System (AOI); Advanced 3D X-ray Inspection System (AXI); Electronic Communication System and V-ONE.

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