GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hiap Teck Venture Bhd (XKLS:5072) » Definitions » Interest Expense

Hiap Teck Venture Bhd (XKLS:5072) Interest Expense : RM-22 Mil (TTM As of Jan. 2024)


View and export this data going back to 2003. Start your Free Trial

What is Hiap Teck Venture Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hiap Teck Venture Bhd's interest expense for the three months ended in Jan. 2024 was RM -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was RM-22 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. Hiap Teck Venture Bhd's Operating Income for the three months ended in Jan. 2024 was RM 23 Mil. Hiap Teck Venture Bhd's Interest Expense for the three months ended in Jan. 2024 was RM -6 Mil. Hiap Teck Venture Bhd's Interest Coverage for the quarter that ended in Jan. 2024 was 4.09. 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.


Hiap Teck Venture Bhd Interest Expense Historical Data

The historical data trend for Hiap Teck Venture 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.

* Premium members only.

Hiap Teck Venture Bhd Interest Expense Chart

Hiap Teck Venture Bhd Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.52 -20.94 -13.18 -13.38 -20.67

Hiap Teck Venture Bhd Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -4.64 -4.49 -6.59 -5.39 -5.53

Hiap Teck Venture 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-22 Mil.

* 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.


Hiap Teck Venture Bhd  (XKLS:5072) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Hiap Teck Venture Bhd's Interest Expense for the three months ended in Jan. 2024 was RM-6 Mil. Its Operating Income for the three months ended in Jan. 2024 was RM23 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was RM3 Mil.

Hiap Teck Venture Bhd's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jan. 2024 )/Interest Expense (Q: Jan. 2024 )
=-1*22.627/-5.534
=4.09

* 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.

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


Hiap Teck Venture Bhd (XKLS:5072) Business Description

Traded in Other Exchanges
N/A
Address
Lot 6096, Jalan Haji Abdul Manan, Batu 5 1/2, Off Jalan Meru, Klang, SGR, MYS, 41050
Hiap Teck Venture Bhd is a Malaysia-based company. It has five segments. The Trading segment is involved in importing, exporting, general dealing, and leasing of steel products, hardware, and building materials; the Manufacturing segment is involved in manufacturing, selling, and renting pipes, hollow sections, scaffolding equipment, and other steel products; the Property and Investment segment is engaged in renting out property and investment holding; the Transportation segment includes a provision of transportation of goods by lorries; and the Mining and exploration segment consists of exploring, contracting and other activities related to the mining, processing, and sale of iron ore. It generates a vast majority of the revenues from the Trading segment within Malaysia.

Hiap Teck Venture Bhd (XKLS:5072) Headlines

No Headlines