Alam Maritim Resources Bhd (XKLS:5115) Interest Expense : RM-3.8 Mil (TTM As of Mar. 2024)

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What is Alam Maritim Resources Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alam Maritim Resources Bhd's interest expense for the three months ended in Mar. 2024 was RM -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-3.8 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. Alam Maritim Resources Bhd's Operating Income for the three months ended in Mar. 2024 was RM 2.3 Mil. Alam Maritim Resources Bhd's Interest Expense for the three months ended in Mar. 2024 was RM -0.6 Mil. Alam Maritim Resources Bhd's Interest Coverage for the quarter that ended in Mar. 2024 was 3.78. 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.

Alam Maritim Resources Bhd Interest Expense Historical Data

The historical data trend for Alam Maritim Resources 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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Alam Maritim Resources Bhd Interest Expense Chart

Alam Maritim Resources Bhd Annual Data

Trend

Dec13

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Jun23

Interest Expense

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-11.44

-5.24

-5.91

-7.67

Alam Maritim Resources Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.01	-	-1.61	-1.62	-0.61

Alam Maritim Resources 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-3.8 Mil.

Alam Maritim Resources Bhd (XKLS:5115) 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.

Alam Maritim Resources Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM2.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM2.6 Mil.

Alam Maritim Resources 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	*	2.309	/	-0.611
	=	3.78

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. Alam Maritim Resources Bhd interest coverage is 1.17, which is low.

Alam Maritim Resources Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Alam Maritim Resources Bhd (XKLS:5115) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 38F, Level 3, Jalan Radin Anum, Bandar Baru Sri Petaling, Kuala Lumpur, MYS, 57000

Website

http://www.alam-maritim.com.my

Alam Maritim Resources Bhd is a Malaysia-based investment holding company. It operates in two business segments: Offshore Support Vessels and Services, and Subsea Services. Its Offshore support vessels and services segment which engages in providing vessels for charter hire; assisting seismic operators in seismic survey related activities; transportation of crew and supplies; towing and mooring of rigs offshore; anchor-handling services and other support. Its Sub-sea services segment is engaged in providing offshore facilities construction and installation services, such as marine construction related services; sub-sea engineering services and offshore pipeline construction-related services, and designing, manufacturing and operating of remotely operated vehicles.

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