AYS Ventures Bhd (XKLS:5021) Interest Expense : RM-24 Mil (TTM As of Dec. 2023)

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What is AYS Ventures Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AYS Ventures Bhd's interest expense for the three months ended in Dec. 2023 was RM -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was RM-24 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. AYS Ventures Bhd's Operating Income for the three months ended in Dec. 2023 was RM 6 Mil. AYS Ventures Bhd's Interest Expense for the three months ended in Dec. 2023 was RM -6 Mil. AYS Ventures Bhd's Interest Coverage for the quarter that ended in Dec. 2023 was 1.01. 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.

AYS Ventures Bhd Interest Expense Historical Data

The historical data trend for AYS Ventures 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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AYS Ventures Bhd Interest Expense Chart

AYS Ventures Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-12.47

-16.67

-12.80

-10.36

-18.94

AYS Ventures Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-5.29	-5.57	-5.98	-6.26	-6.21

AYS Ventures 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-24 Mil.

AYS Ventures Bhd (XKLS:5021) 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.

AYS Ventures Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-6 Mil. Its Operating Income for the three months ended in Dec. 2023 was RM6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was RM53 Mil.

AYS Ventures Bhd'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	*	6.297	/	-6.205
	=	1.01

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. AYS Ventures Bhd interest coverage is 2.67, which is low.

AYS Ventures Bhd (XKLS:5021) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » AYS Ventures Bhd (XKLS:5021) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Haji Abdul Manan, Lot 6488, Darul Ehsan, Klang, SGR, MYS, 42100

Website

https://www.ays-group.com

AYS Ventures Bhd is an investment holding principally involved in the trading and manufacturing of steel, construction, and related products. The company is organized into three segments namely trading and services where the trading division trades and markets a diverse range of steel products, warehousing, and storage services, and construction materials; the manufacturing division which involves the manufacturing and trading of panels and components for sectional tanks, purlin, structural steel components, and other steel products and others segment includes investment holding and dormant. The products of the company serve customers in the construction, engineering for heavy steel industries, fabrication, oil and gas, power plant, and shipbuilding sectors.

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