TAS Offshore Bhd (XKLS:5149) Interest Expense : RM-0.2 Mil (TTM As of Nov. 2024)

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What is TAS Offshore Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. TAS Offshore Bhd's interest expense for the three months ended in Nov. 2024 was RM -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2024 was RM-0.2 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. TAS Offshore Bhd's Operating Income for the three months ended in Nov. 2024 was RM 12.3 Mil. TAS Offshore Bhd's Interest Expense for the three months ended in Nov. 2024 was RM -0.0 Mil. TAS Offshore Bhd's Interest Coverage for the quarter that ended in Nov. 2024 was 944.08. 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.

TAS Offshore Bhd Interest Expense Historical Data

The historical data trend for TAS Offshore 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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TAS Offshore Bhd Interest Expense Chart

TAS Offshore Bhd Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Interest Expense

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-1.00

-0.60

-0.44

-0.24

-0.26

TAS Offshore Bhd Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24
Interest Expense	Get a 7-Day Free Trial															-0.08	-0.04	-0.06	-0.09	-0.01

TAS Offshore 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 Nov. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-0.2 Mil.

TAS Offshore Bhd (XKLS:5149) 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.

TAS Offshore Bhd's Interest Expense for the three months ended in Nov. 2024 was RM-0.0 Mil. Its Operating Income for the three months ended in Nov. 2024 was RM12.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2024 was RM0.4 Mil.

TAS Offshore Bhd's Interest Coverage for the quarter that ended in Nov. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Nov. 2024 )	/	Interest Expense (Q: Nov. 2024 )
	=	-1	*	12.273	/	-0.013
	=	944.08

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. TAS Offshore Bhd has enough cash to cover all of its debt. Its financial situation is stable.

TAS Offshore Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » TAS Offshore Bhd (XKLS:5149) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 199, Sungai Ma’aw Road, P.O. Box 920, Sungai Bidut, Sibu, SWK, MYS, 96000

Website

https://www.tasoffshore.com

TAS Offshore Bhd is engaged in the shipbuilding business. The company's shipbuilding activities include Hull and superstructure construction; Propulsion and power system installation; Communication, navigation and surveillance systems installation; Machinery and equipment installation; Interior fit-out; Painting and Vessel testing and commissioning. Its only operating segment being shipbuilding, ship repairing and vessel chartering activities. Geographically, it operates in Malaysia, Indonesia and Singapore. It derives maximum revenue from Indonesia.

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