Heatec Jietong Holdings (SGX:5OR) Interest Expense : S$-0.50 Mil (TTM As of Jun. 2023)

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What is Heatec Jietong Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Heatec Jietong Holdings's interest expense for the six months ended in Jun. 2023 was S$ -0.25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2023 was S$-0.50 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. Heatec Jietong Holdings's Operating Income for the six months ended in Jun. 2023 was S$ 0.09 Mil. Heatec Jietong Holdings's Interest Expense for the six months ended in Jun. 2023 was S$ -0.25 Mil. Heatec Jietong Holdings's Interest Coverage for the quarter that ended in Jun. 2023 was 0.35. 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.

Heatec Jietong Holdings Interest Expense Historical Data

The historical data trend for Heatec Jietong 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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Heatec Jietong Holdings Interest Expense Chart

Heatec Jietong Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-0.34

-0.52

-0.47

-0.51

-0.50

Heatec Jietong Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Interest Expense	Get a 7-Day Free Trial															-0.24	-0.26	-0.25	-0.25	-0.25

Heatec Jietong 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 S$-0.50 Mil.

Heatec Jietong Holdings (SGX:5OR) 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.

Heatec Jietong Holdings's Interest Expense for the six months ended in Jun. 2023 was S$-0.25 Mil. Its Operating Income for the six months ended in Jun. 2023 was S$0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jun. 2023 was S$2.00 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2023 )	/	Interest Expense (Q: Jun. 2023 )
	=	-1	*	0.088	/	-0.248
	=	0.35

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. Heatec Jietong Holdings Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Heatec Jietong Holdings (SGX:5OR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Heatec Jietong Holdings Ltd (SGX:5OR) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

No. 10 Tuas South Street 15, Singapore, SGP, 637076

Website

http://www.heatecholdings.com

Heatec Jietong Holdings Ltd is engaged in offering piping and heat exchanger services for the marine and oil and gas industries. The company's segments include Piping, Heat Exchangers, and Chemical cleaning. The Piping segment is engaged in the fabrication and installation of various types of piping. The Heat Exchanger segment, which derives the majority of revenue, engages in servicing and fabrication of heat exchangers. The Chemical cleaning segment is engaged in the provision of chemical cleaning services to ships and marine vessels. The Group's operations are carried out in Singapore.

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