Multi Ways Holdings (Multi Ways Holdings) Interest Expense : $-1.00 Mil (TTM As of Jun. 2023)

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What is Multi Ways Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Multi Ways Holdings's interest expense for the six months ended in Jun. 2023 was $ -0.52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was $-1.00 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. Multi Ways Holdings's Operating Income for the six months ended in Jun. 2023 was $ -4.63 Mil. Multi Ways Holdings's Interest Expense for the six months ended in Jun. 2023 was $ -0.52 Mil. Multi Ways Holdings did not have earnings to cover the interest expense. 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.

Multi Ways Holdings Interest Expense Historical Data

The historical data trend for Multi Ways Holdings'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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Multi Ways Holdings Interest Expense Chart

Multi Ways Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Interest Expense

-0.86

-0.72

-0.75

Multi Ways Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial			-0.33	-0.38	-0.27	-0.48	-0.52

Multi Ways Holdings 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 Jun. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-1.00 Mil.

Multi Ways Holdings (AMEX:MWG) 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.

Multi Ways Holdings's Interest Expense for the six months ended in Jun. 2023 was $-0.52 Mil. Its Operating Income for the six months ended in Jun. 2023 was $-4.63 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was $5.18 Mil.

Multi Ways Holdings's Interest Coverage for the quarter that ended in Jun. 2023 is calculated as

Multi Ways Holdings did not have earnings to cover the interest expense.

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

Multi Ways Holdings (Multi Ways Holdings) Business Description

Industry

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Traded in Other Exchanges

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Address

3E Gul Circle, Singapore, SGP, 629633

Website

https://www.multiways.com.sg

Multi Ways Holdings Ltd is a supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region. The wide variety of new and used heavy construction equipment for sale and rental by customers range from: earth-moving equipment such as bulldozers, off-terrain dump trucks, excavators and wheel loaders; material-handling equipment such as crawler cranes, rough terrain cranes, scissor lifts, forklifts, boom-lifts and telescopic handlers; road-building equipment such as motor graders, vibrating compactors, asphalt finishers, skid loaders, backhoe loaders, hand rollers and mini excavators; and generators and compressors, such as air compressors, generators, lighting towers and welding machines.