Solid Automotive Bhd (XKLS:5242) Interest Expense : RM-3.4 Mil (TTM As of Jan. 2024)

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What is Solid Automotive Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solid Automotive Bhd's interest expense for the three months ended in Jan. 2024 was RM -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was RM-3.4 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. Solid Automotive Bhd's Operating Income for the three months ended in Jan. 2024 was RM 2.8 Mil. Solid Automotive Bhd's Interest Expense for the three months ended in Jan. 2024 was RM -0.7 Mil. Solid Automotive Bhd's Interest Coverage for the quarter that ended in Jan. 2024 was 4.05. 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.

Solid Automotive Bhd Interest Expense Historical Data

The historical data trend for Solid Automotive 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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Solid Automotive Bhd Interest Expense Chart

Solid Automotive Bhd Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Interest Expense

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-1.44

-2.46

-1.70

-1.63

-3.00

Solid Automotive Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-0.78	-1.21	-0.80	-0.73	-0.70

Solid Automotive 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-3.4 Mil.

Solid Automotive Bhd (XKLS:5242) 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.

Solid Automotive Bhd's Interest Expense for the three months ended in Jan. 2024 was RM-0.7 Mil. Its Operating Income for the three months ended in Jan. 2024 was RM2.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was RM7.6 Mil.

Solid Automotive Bhd's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	2.812	/	-0.695
	=	4.05

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

Solid Automotive Bhd (XKLS:5242) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Solid Automotive Bhd (XKLS:5242) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

PLO 436, Jalan Gangsa, Kawasan Perindustrian Pasir Gudang, Pasir Gudang, JHR, MYS, 81700

Website

https://www.solidautomotive.com

Solid Automotive Bhd is engaged in the business of investment holding and the provision of management services. The company's operating segment includes Automotive electrical parts; Automotive engine and mechanical parts and Others. It generates maximum revenue from the Automotive electrical parts segment. Automotive electrical parts segment is involved in the trading and distribution of automotive batteries, lubricants, industrial supplies, electrical parts, and components. Geographically, it derives a majority of revenue from Malaysia and also has a presence in the Middle East and Africa and Other Countries.

Solid Automotive Bhd (XKLS:5242) Headlines

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