Berjaya Assets Bhd (XKLS:3239) Interest Expense : RM-63.7 Mil (TTM As of Mar. 2024)

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What is Berjaya Assets Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Berjaya Assets Bhd's interest expense for the three months ended in Mar. 2024 was RM -14.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-63.7 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. Berjaya Assets Bhd's Operating Income for the three months ended in Mar. 2024 was RM 12.0 Mil. Berjaya Assets Bhd's Interest Expense for the three months ended in Mar. 2024 was RM -14.5 Mil. Berjaya Assets Bhd's Interest Coverage for the quarter that ended in Mar. 2024 was 0.83. 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.

Berjaya Assets Bhd Interest Expense Historical Data

The historical data trend for Berjaya Assets 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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Berjaya Assets Bhd Interest Expense Chart

Berjaya Assets Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-71.48

-74.39

-55.99

-55.66

-61.65

Berjaya Assets 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															-14.68	-19.00	-15.13	-15.12	-14.48

Berjaya Assets 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-63.7 Mil.

Berjaya Assets Bhd (XKLS:3239) 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.

Berjaya Assets Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-14.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM12.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM519.5 Mil.

Berjaya Assets 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	*	11.952	/	-14.484
	=	0.83

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Berjaya Assets Bhds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Berjaya Assets Bhd (XKLS:3239) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Berjaya Assets Bhd (XKLS:3239) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Level 12, Berjaya Times Square, No. 1 Jalan Imbi, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.berjaya.com

Berjaya Assets Bhd is an investment holding company. The company's business segments are gaming and related activities, Property development and property investment, and Recreation and others. Group operates various forecast lotteries in Sarawak, as well as provides lottery consultancy and related services. It is also involved in the investment and development of properties; operation of a hotel, theme park, and car park; management of a ferry terminal; and leasing of a theatre, as well as general trading and provision of commission agency services. Business activity of Berjaya is predominantly functioned through Malaysia. The company generates maximum revenue from Property development and property investment segment.

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