Alliance Select Foods International (PHS:FOOD) Interest Expense : ₱-76 Mil (TTM As of Mar. 2024)

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What is Alliance Select Foods International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alliance Select Foods International's interest expense for the three months ended in Mar. 2024 was ₱ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-76 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. Alliance Select Foods International's Operating Income for the three months ended in Mar. 2024 was ₱ 34 Mil. Alliance Select Foods International's Interest Expense for the three months ended in Mar. 2024 was ₱ -25 Mil. Alliance Select Foods International's Interest Coverage for the quarter that ended in Mar. 2024 was 1.34. 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.

Alliance Select Foods International Interest Expense Historical Data

The historical data trend for Alliance Select Foods International'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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Alliance Select Foods International Interest Expense Chart

Alliance Select Foods International Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-119.67

-73.69

-49.46

-26.52

-61.40

Alliance Select Foods International 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															-11.29	-12.70	-17.23	-20.99	-25.17

Alliance Select Foods International 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 ₱-76 Mil.

Alliance Select Foods International (PHS:FOOD) 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.

Alliance Select Foods International's Interest Expense for the three months ended in Mar. 2024 was ₱-25 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱34 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱1 Mil.

Alliance Select Foods International'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	*	33.755	/	-25.169
	=	1.34

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Alliance Select Foods International Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Alliance Select Foods International (PHS:FOOD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Alliance Select Foods International Inc (PHS:FOOD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

A West Tower PSEC Exchange Road, Suite 3104, Ortigas Business District, Pasig, PHL, 1605

Website

http://www.allianceselectfoods.com

Alliance Select Foods International Inc is engaged in tuna processing, canning, and exporting canned tuna products in General Santos City, Philippines. The company's products are exported to Europe, North and South America, Asia, Africa, and the Middle East. It produces and sells fishmeal to the domestic market and traders. Its segments are Tune, Salomon and Rental. The majority of the revenue is derived from the sale of canned tuna. It has a business presence in the Philippines, Indonesia, USA and New Zealand, of which key revenue is derived from the Philippines.

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