/term/interest-expense/XKLS:5275 Mynews Holdings Bhd (XKLS:5275) Interest Expense
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Mynews Holdings Bhd (XKLS:5275) Interest Expense : RM-11.4 Mil (TTM As of Jan. 2024)


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What is Mynews Holdings Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mynews Holdings Bhd's interest expense for the three months ended in Jan. 2024 was RM -2.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was RM-11.4 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. Mynews Holdings Bhd's Operating Income for the three months ended in Jan. 2024 was RM 25.2 Mil. Mynews Holdings Bhd's Interest Expense for the three months ended in Jan. 2024 was RM -2.9 Mil. Mynews Holdings Bhd's Interest Coverage for the quarter that ended in Jan. 2024 was 8.82. 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.


Mynews Holdings Bhd Interest Expense Historical Data

The historical data trend for Mynews 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.

* Premium members only.

Mynews Holdings Bhd Interest Expense Chart

Mynews Holdings Bhd Annual Data
Trend Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Interest Expense
Get a 7-Day Free Trial Premium Member Only -3.46 -5.20 -6.38 -8.82 -11.27

Mynews Holdings 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.92 -2.80 -2.78 -2.92 -2.85

Mynews 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-11.4 Mil.

* 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.


Mynews Holdings Bhd  (XKLS:5275) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Mynews Holdings Bhd's Interest Expense for the three months ended in Jan. 2024 was RM-2.9 Mil. Its Operating Income for the three months ended in Jan. 2024 was RM25.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was RM156.3 Mil.

Mynews Holdings 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*25.168/-2.854
=8.82

* 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.

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


Mynews Holdings Bhd (XKLS:5275) Business Description

Traded in Other Exchanges
N/A
Address
Lot No. 3, Jalan Teknologi 3/1, Taman Sains Selangor 1, Seksyen 3, PJU 5, Kota Damansara, Petaling Jaya, MYS, 47810
Mynews Holdings Bhd through its subsidiaries is engaged in the manufacture and convenience retailing, comprising the operations of a press and convenience retail chain in Malaysia under the trade name of myNEWS.com, newsplus, MAGBIT, and THE FRONT PAGE. The company operates principally in Malaysia.

Mynews Holdings Bhd (XKLS:5275) Headlines

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