AME REIT (XKLS:5307) Interest Expense : RM-4.40 Mil (TTM As of Mar. 2024)

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What is AME REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AME REIT's interest expense for the three months ended in Mar. 2024 was RM -1.35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-4.40 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. AME REIT's Operating Income for the three months ended in Mar. 2024 was RM 10.16 Mil. AME REIT's Interest Expense for the three months ended in Mar. 2024 was RM -1.35 Mil. AME REIT's Interest Coverage for the quarter that ended in Mar. 2024 was 7.54. 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.

AME REIT Interest Expense Historical Data

The historical data trend for AME REIT'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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AME REIT Interest Expense Chart

AME REIT Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

-1.06

-1.33

-1.43

-0.99

-4.40

AME REIT Quarterly Data
	Mar20	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial					-0.26	-0.93	-0.96	-1.16	-1.35

AME REIT 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-4.40 Mil.

AME REIT (XKLS:5307) 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.

AME REIT's Interest Expense for the three months ended in Mar. 2024 was RM-1.35 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM10.16 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM0.00 Mil.

AME REIT'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	*	10.159	/	-1.348
	=	7.54

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

AME REIT (XKLS:5307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » AME REIT (XKLS:5307) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 2, Jalan I-Park SAC 1/1, Taman Perindustrian I-Park SAC, Senai, JHR, MYS, 81400

Website

https://www.amereit.com.my

AME REIT is engaged in investing directly and indirectly in a Shariah compliant portfolio of income income producing Real Estate used primarily for industrial and industrial-related purposes in Malaysia and overseas. The company's portfolio consists of 34 subject properties with 31 industrial properties and around 3 industrial related properties known as Dormitories which are freehold properties.

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