Globaltec Formation Bhd (XKLS:5220) Interest Expense : RM-1.0 Mil (TTM As of Mar. 2024)

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What is Globaltec Formation Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Globaltec Formation Bhd's interest expense for the three months ended in Mar. 2024 was RM -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-1.0 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. Globaltec Formation Bhd's Operating Income for the three months ended in Mar. 2024 was RM 1.9 Mil. Globaltec Formation Bhd's Interest Expense for the three months ended in Mar. 2024 was RM -0.1 Mil. Globaltec Formation Bhd's Interest Coverage for the quarter that ended in Mar. 2024 was 20.07. 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.

Globaltec Formation Bhd Interest Expense Historical Data

The historical data trend for Globaltec Formation 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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Globaltec Formation Bhd Interest Expense Chart

Globaltec Formation Bhd Annual Data

Trend

Jun14

Jun15

Jun16

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Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-1.39

-1.28

-0.88

-0.78

-0.77

Globaltec Formation Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.14	-0.18	-0.51	-0.19	-0.10

Globaltec Formation 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-1.0 Mil.

Globaltec Formation Bhd (XKLS:5220) 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.

Globaltec Formation Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0.1 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM1.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM14.9 Mil.

Globaltec Formation 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	*	1.947	/	-0.097
	=	20.07

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

Globaltec Formation Bhd (XKLS:5220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Globaltec Formation Bhd (XKLS:5220) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2A, Jalan Stesen Sentral 2, Unit 23A-12, Menara Q Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

http://www.globaltec.com.my

Globaltec Formation Bhd is an auto parts manufacturer. Its business is divided into four reportable segments namely Integrated Manufacturing Services (IMS), Resources, Energy, and Investment Holding. The IMS segment deals with designing and manufacturing automotive components, and it also consists of the precision machining, stamping, and tooling arm and the semiconductor division. The Resources segment includes the oil palm plantation and coal mining divisions. The Energy segment includes oil and gas exploration, production, and services. Lastly, the Investment Holding segment manages the company's investments in subsidiaries. The company has operations in many countries, but it generates the majority of its revenue from the IMS segment.

Globaltec Formation Bhd (XKLS:5220) Headlines

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