K. Seng Seng Bhd (XKLS:5192) Interest Expense : RM-6.7 Mil (TTM As of Sep. 2024)

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What is K. Seng Seng Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. K. Seng Seng Bhd's interest expense for the three months ended in Sep. 2024 was RM -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was RM-6.7 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. K. Seng Seng Bhd's Operating Income for the three months ended in Sep. 2024 was RM 3.4 Mil. K. Seng Seng Bhd's Interest Expense for the three months ended in Sep. 2024 was RM -1.9 Mil. K. Seng Seng Bhd's Interest Coverage for the quarter that ended in Sep. 2024 was 1.78. 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.

K. Seng Seng Bhd Interest Expense Historical Data

The historical data trend for K. Seng Seng 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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K. Seng Seng Bhd Interest Expense Chart

K. Seng Seng Bhd Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-1.65

-1.36

-1.62

-2.78

-4.84

K. Seng Seng Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.34	-1.56	-1.58	-1.65	-1.91

K. Seng Seng 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-6.7 Mil.

K. Seng Seng Bhd (XKLS:5192) 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.

K. Seng Seng Bhd's Interest Expense for the three months ended in Sep. 2024 was RM-1.9 Mil. Its Operating Income for the three months ended in Sep. 2024 was RM3.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was RM21.7 Mil.

K. Seng Seng Bhd's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	3.403	/	-1.908
	=	1.78

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. K. Seng Seng Corp Bhds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

K. Seng Seng Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » K. Seng Seng Corp Bhd (XKLS:5192) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

Jalan 7/5, Lot 3707, Taman Industri Selesa Jaya, Balakong, SGR, MYS, 43300

Website

https://www.kssc.com.my

K. Seng Seng Corp Bhd is an investment holding company. The company operates through the segments of Stainless steel and metal-related products; Marine hardware and consumables, Engineering and Project works, Other industrial hardware, and Investment holding. The group has a business presence in Malaysia and other countries. The key revenue is derived from the Stainless Steel and metal-related products segment which involves the manufacture and sales of stainless steel tubes and pipes; and the processing of stainless steel sheets products.

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