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King Wan (SGX:554) Interest Expense : S$-1.74 Mil (TTM As of Sep. 2023)


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What is King Wan Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. King Wan's interest expense for the six months ended in Sep. 2023 was S$ -0.94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was S$-1.74 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. King Wan's Operating Income for the six months ended in Sep. 2023 was S$ 3.23 Mil. King Wan's Interest Expense for the six months ended in Sep. 2023 was S$ -0.94 Mil. King Wan's Interest Coverage for the quarter that ended in Sep. 2023 was 3.45. 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.

King Wan Interest Expense Historical Data

The historical data trend for King Wan'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.

King Wan Interest Expense Chart

King Wan Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.17 -1.50 -0.94 -0.67 -1.28

King Wan Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 -0.37 -0.30 -0.47 -0.80 -0.94

King Wan 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-1.74 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.

King Wan  (SGX:554) 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.

King Wan's Interest Expense for the six months ended in Sep. 2023 was S$-0.94 Mil. Its Operating Income for the six months ended in Sep. 2023 was S$3.23 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was S$1.33 Mil.

King Wan's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*3.227/-0.935
=3.45

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. King Wan Corp Ltd interest coverage is 1.63, which is low.

King Wan (SGX:554) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » King Wan Corp Ltd (SGX:554) » Definitions » Interest Expense
Comparable Companies
SGX:5VC SGX:1B6 SGX:BRD SGX:KUX SGX:Y06 SGX:5G9 SGX:MF6 SGX:BBP SGX:41B SGX:43F XPAR:DG NSE:LT PWR SHSE:601668 SHSE:601390 TSX:WSP J XKRX:028260 HKSE:01800 XPAR:EN
Traded in Other Exchanges
N/A
Address
8 Sungei Kadut Loop, Singapore, SGP, 729455
Website
https://www.kingwan.com
King Wan Corp Ltd engages in the provision of mechanical and electrical engineering services for the building and construction industry. It operates in five segments. The Plumbing and Sanitary segment provides services comprising the design and installation of water distribution systems and pipe networks for sewage and wastewater drainage. The electrical segment focuses on the electrical engineering services that design and install electricity distribution systems, fire protection, alarm systems, and security systems. The toilet rental segment consists of the rental and operation of mobile lavatories. The investment holding segment consists of investments in associates and joint ventures. Others segment involves other activities that do not fall into the activities of the other segments.

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