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Ideal Capital Bhd (XKLS:9687) Interest Expense : RM-4.1 Mil (TTM As of Sep. 2024)


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What is Ideal Capital Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ideal Capital Bhd's interest expense for the three months ended in Sep. 2024 was RM -2.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was RM-4.1 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. Ideal Capital Bhd's Operating Income for the three months ended in Sep. 2024 was RM 52.9 Mil. Ideal Capital Bhd's Interest Expense for the three months ended in Sep. 2024 was RM -2.6 Mil. Ideal Capital Bhd's Interest Coverage for the quarter that ended in Sep. 2024 was 20.17. 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.

Ideal Capital Bhd Interest Expense Historical Data

The historical data trend for Ideal Capital 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.

Ideal Capital Bhd Interest Expense Chart

Ideal Capital Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.03 -2.97 -4.19 -4.24 -4.48

Ideal Capital 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 -1.18 -0.79 -1.13 0.42 -2.62

Ideal Capital 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-4.1 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.

Ideal Capital Bhd  (XKLS:9687) 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.

Ideal Capital Bhd's Interest Expense for the three months ended in Sep. 2024 was RM-2.6 Mil. Its Operating Income for the three months ended in Sep. 2024 was RM52.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was RM406.4 Mil.

Ideal Capital 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*52.893/-2.622
=20.17

* 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.

Ideal Capital Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ideal Capital Bhd (XKLS:9687) » Definitions » Interest Expense
Comparable Companies
XKLS:7105 XKLS:3417 XKLS:5313 XKLS:6114 XKLS:5789 XKLS:5827 XKLS:1724 XKLS:1589 XKLS:5315 XKLS:2305 HKSE:00016 HKSE:01109 HKSE:00688 HKSE:01113 TSE:1925 SHSE:600048 SZSE:000002 BOM:532868 DFM:EMAAR SZSE:001979
Traded in Other Exchanges
N/A
Address
Jalan Mahsuri, No. 71-5, Ideal @ The One, Bayan Lepas, PNG, MYS, 11950
Website
https://www.iubib.com.my
Ideal Capital Bhd is a Malaysia-based investment holding company engaged in the trading of heavy machinery and spare parts, and property development activities. The group has three reportable segments namely, the Trading segment which includes trading of heavy machinery and spare parts, the Property development segment which relates to property development activities, and Project investment and project management engaged in rental income and property management services. The company operates in Malaysia and generates the majority of its revenue from the Property development segment.

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