Hap Seng Plantations Holdings Bhd (XKLS:5138) Interest Expense : RM-3.2 Mil (TTM As of Dec. 2023)

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What is Hap Seng Plantations Holdings Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hap Seng Plantations Holdings Bhd's interest expense for the three months ended in Dec. 2023 was RM -0.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was RM-3.2 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. Hap Seng Plantations Holdings Bhd's Operating Income for the three months ended in Dec. 2023 was RM 27.2 Mil. Hap Seng Plantations Holdings Bhd's Interest Expense for the three months ended in Dec. 2023 was RM -0.8 Mil. Hap Seng Plantations Holdings Bhd's Interest Coverage for the quarter that ended in Dec. 2023 was 34.16. 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.

Hap Seng Plantations Holdings Bhd Interest Expense Historical Data

The historical data trend for Hap Seng Plantations Holdings 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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Hap Seng Plantations Holdings Bhd Interest Expense Chart

Hap Seng Plantations Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.79

-2.53

-2.32

-2.98

-3.16

Hap Seng Plantations Holdings 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															-0.81	-0.81	-0.78	-0.78	-0.80

Hap Seng Plantations Holdings 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-3.2 Mil.

Hap Seng Plantations Holdings Bhd (XKLS:5138) 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.

Hap Seng Plantations Holdings Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-0.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was RM27.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was RM57.8 Mil.

Hap Seng Plantations Holdings 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	*	27.193	/	-0.796
	=	34.16

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

Hap Seng Plantations Holdings Bhd (XKLS:5138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hap Seng Plantations Holdings Bhd (XKLS:5138) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Jalan P. Ramlee, 21st Floor, Menara Hap Seng, Kuala Lumpur, SGR, MYS, 50250

Website

https://www.hapsengplantations.com.my

Hap Seng Plantations Holdings Bhd is a Malaysia based palm oil plantation company. It is engaged in planting and milling operations. The company operates in the palm oil industry where it grows oil palms in its estates, harvests and processes fresh fruit bunches into crude palm oil in its own mills, and then sells it. It produces palm oil in Sabah with a total area of approximately 40,279 hectares located entirely in Sabah, Malaysia. The company operates four mills namely, Jeroco 1 palm oil mill, Jeroco 2 palm oil mill, Bukit Mas palm oil mill, and Tomanggong palm oil mill. The group has operations in Singapore and Malaysia of which key revenue is generated from Malaysia. The majority of the group sales were local delivered sales to refiners within Malaysia.

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