Indofood Agri Resources (SGX:5JS) Interest Expense : S$-52 Mil (TTM As of Dec. 2023)

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What is Indofood Agri Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Indofood Agri Resources's interest expense for the six months ended in Dec. 2023 was S$ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-52 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. Indofood Agri Resources's Operating Income for the six months ended in Dec. 2023 was S$ 117 Mil. Indofood Agri Resources's Interest Expense for the six months ended in Dec. 2023 was S$ -24 Mil. Indofood Agri Resources's Interest Coverage for the quarter that ended in Dec. 2023 was 4.81. 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.

Indofood Agri Resources Interest Expense Historical Data

The historical data trend for Indofood Agri Resources'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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Indofood Agri Resources Interest Expense Chart

Indofood Agri Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-82.17

-69.22

-59.38

-49.05

-51.09

Indofood Agri Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-28.41	-26.08	-25.01	-27.67	-24.40

Indofood Agri Resources 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 Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was S$-52 Mil.

Indofood Agri Resources (SGX:5JS) 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.

Indofood Agri Resources's Interest Expense for the six months ended in Dec. 2023 was S$-24 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$117 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$81 Mil.

Indofood Agri Resources's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	117.448	/	-24.4
	=	4.81

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. Indofood Agri Resources Ltd interest coverage is 3.3, which is low.

Indofood Agri Resources (SGX:5JS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Indofood Agri Resources Ltd (SGX:5JS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ZVF:Germany

Address

8 Eu Tong Sen Street, No. 16-96/97 The Central, Singapore, SGP, 059818

Website

http://www.indofoodagri.com

Indofood Agri Resources Ltd is engaged in agribusiness. The principal activities of the firm include research and development, oil palm seed breeding, cultivation of oil palm plantations, production and refining of crude palm oil, sugarcane and industrial timber plantations and, marketing and selling end products. It operates through following segments: Plantations, Edible Oils and Fats and others segment. The Plantations segment develops and maintains oil palm, rubber and sugar cane plantations, and other business activities relating to palm oil, rubber and sugar cane processing, marketing, and selling. The Edible Oils and Fats segment which generates majority revenue produces, markets, and sells edible oil, margarine, shortening, and other related products and its derivative products.

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