PT Mark Dynamics Indonesia Tbk (ISX:MARK) Interest Expense : Rp-2,858 Mil (TTM As of Mar. 2024)

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What is PT Mark Dynamics Indonesia Tbk Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PT Mark Dynamics Indonesia Tbk's interest expense for the three months ended in Mar. 2024 was Rp -498 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was Rp-2,858 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. PT Mark Dynamics Indonesia Tbk's Operating Income for the three months ended in Mar. 2024 was Rp 87,681 Mil. PT Mark Dynamics Indonesia Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp -498 Mil. PT Mark Dynamics Indonesia Tbk's Interest Coverage for the quarter that ended in Mar. 2024 was 176.02. 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.

PT Mark Dynamics Indonesia Tbk Interest Expense Historical Data

The historical data trend for PT Mark Dynamics Indonesia Tbk'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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PT Mark Dynamics Indonesia Tbk Interest Expense Chart

PT Mark Dynamics Indonesia Tbk Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-3,644.09

-4,331.72

-6,300.75

-3,666.24

-3,211.64

PT Mark Dynamics Indonesia Tbk 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															-851.35	-748.20	-1,031.76	-580.33	-498.14

PT Mark Dynamics Indonesia Tbk 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 Rp-2,858 Mil.

PT Mark Dynamics Indonesia Tbk (ISX:MARK) 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.

PT Mark Dynamics Indonesia Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-498 Mil. Its Operating Income for the three months ended in Mar. 2024 was Rp87,681 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was Rp19,901 Mil.

PT Mark Dynamics Indonesia Tbk'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	*	87681.004	/	-498.144
	=	176.02

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. PT Mark Dynamics Indonesia Tbk has enough cash to cover all of its debt. Its financial situation is stable.

PT Mark Dynamics Indonesia Tbk (ISX:MARK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » PT Mark Dynamics Indonesia Tbk (ISX:MARK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raya Medan Lubuk Pakam Km. 19,5, Jalan Pelita Barat No. 2, Deli Serdang, Kawas Insdustri Medan Star, Tanjung Morawa, North Sumatera, Medan, IDN, 20362

Website

http://www.markdynamicsindo.com

PT Mark Dynamics Indonesia Tbk is a manufacturer of hand former or glove molds in Indonesia. The company's products include examination formers, surgical formers, household formers, custom-made formers, and industrial formers for export purposes. The products of the company are mainly exported to nitrile and latex glove manufacturers in Malaysia, Thailand, China, and the United States. The company also distributes its products in Indonesia.