AbleGroup Bhd (XKLS:7086) Interest Expense : RM-0.04 Mil (TTM As of Mar. 2024)

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What is AbleGroup Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AbleGroup Bhd's interest expense for the three months ended in Mar. 2024 was RM -0.01 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-0.04 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. AbleGroup Bhd's Operating Income for the three months ended in Mar. 2024 was RM 0.02 Mil. AbleGroup Bhd's Interest Expense for the three months ended in Mar. 2024 was RM -0.01 Mil. AbleGroup Bhd's Interest Coverage for the quarter that ended in Mar. 2024 was 2.22. 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.

AbleGroup Bhd Interest Expense Historical Data

The historical data trend for AbleGroup 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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AbleGroup Bhd Interest Expense Chart

AbleGroup Bhd Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

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Dec21

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Dec23

Interest Expense

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-0.09

-0.01

-0.04

AbleGroup 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															-0.01	-0.01	-0.01	-0.01	-0.01

AbleGroup 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-0.04 Mil.

AbleGroup Bhd (XKLS:7086) 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.

AbleGroup Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0.01 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM0.02 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM0.40 Mil.

AbleGroup 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	*	0.02	/	-0.009
	=	2.22

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

AbleGroup Bhd (XKLS:7086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AbleGroup Bhd (XKLS:7086) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Dutamas 1, Level 2, Solaris Dutamas, Block D4-U2-10, Kuala Lumpur, MYS, 50480

Website

http://www.ablegroup.com.my

AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. Its building material segment is involved in the supply, delivery, and installation of stone and tiling works. All of its revenue comes from the Building material segment. Geographically, it operates only in Malaysia.

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