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MK Land Holdings Bhd (XKLS:8893) Interest Expense : RM-5.9 Mil (TTM As of Sep. 2024)


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What is MK Land Holdings Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MK Land Holdings Bhd's interest expense for the three months ended in Sep. 2024 was RM -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was RM-5.9 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. MK Land Holdings Bhd's Operating Income for the three months ended in Sep. 2024 was RM 4.5 Mil. MK Land Holdings Bhd's Interest Expense for the three months ended in Sep. 2024 was RM -1.7 Mil. MK Land Holdings Bhd's Interest Coverage for the quarter that ended in Sep. 2024 was 2.70. 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.

MK Land Holdings Bhd Interest Expense Historical Data

The historical data trend for MK Land 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.

MK Land Holdings Bhd Interest Expense Chart

MK Land Holdings Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -5.46 -3.74 -4.64 -3.91 -5.76

MK Land Holdings Bhd Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -1.50 -1.49 -1.45 -1.32 -1.67

MK Land 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-5.9 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.

MK Land Holdings Bhd  (XKLS:8893) 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.

MK Land Holdings Bhd's Interest Expense for the three months ended in Sep. 2024 was RM-1.7 Mil. Its Operating Income for the three months ended in Sep. 2024 was RM4.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was RM37.9 Mil.

MK Land Holdings Bhd's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*4.509/-1.67
=2.70

* 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.

MK Land Holdings Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » MK Land Holdings Bhd (XKLS:8893) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Number 19, Jalan PJU 8/5H, Perdana Business Centre, Bandar Damansara Perdana, Petaling Jaya, SGR, MYS, 47820
Website
https://www.mkland.com.my
MK Land Holdings Bhd is an investment holding company. The company along with its subsidiaries, operates in the following segments; Property development; Leisure; Investment holding; Solar, and Education. It generates maximum revenue from the Property development segment which is engaged in the development of mixed properties and its related activities. The Leisure segment represents the operation of resorts, hotels, and theme parks; the Education segment includes the provision of educational services; the Investment holding segment represents investments in subsidiaries and property investment; and the Solar segment acts as a solar power producer. Geographically, the company predominantly operates in Malaysia.

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