Singapore Shipping (SGX:S19) Interest Expense : S$-1.56 Mil (TTM As of Sep. 2023)

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What is Singapore Shipping Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Singapore Shipping's interest expense for the six months ended in Sep. 2023 was S$ -0.76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was S$-1.56 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. Singapore Shipping's Operating Income for the six months ended in Sep. 2023 was S$ 6.49 Mil. Singapore Shipping's Interest Expense for the six months ended in Sep. 2023 was S$ -0.76 Mil. Singapore Shipping's Interest Coverage for the quarter that ended in Sep. 2023 was 8.56. 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.

Singapore Shipping Interest Expense Historical Data

The historical data trend for Singapore Shipping'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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Singapore Shipping Interest Expense Chart

Singapore Shipping Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-2.91

-2.72

-2.24

-1.93

-1.67

Singapore Shipping 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															-1.00	-0.92	-0.91	-0.80	-0.76

Singapore Shipping 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$-1.56 Mil.

Singapore Shipping (SGX:S19) 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.

Singapore Shipping's Interest Expense for the six months ended in Sep. 2023 was S$-0.76 Mil. Its Operating Income for the six months ended in Sep. 2023 was S$6.49 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was S$36.21 Mil.

Singapore Shipping'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	*	6.49	/	-0.758
	=	8.56

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

Singapore Shipping (SGX:S19) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Shipping Corp Ltd (SGX:S19) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

W1M:Germany

Address

200 Cantonment Road, No. 09-01 Southpoint, Singapore, SGP, 089763

Website

http://www.singaporeshipping.com.sg

Singapore Shipping Corp Ltd is a shipping company. It operates in two segments: Ship owning segment which includes ship owning and ship management, and Agency and logistics segment that includes shipping agency, terminal operations, warehousing, and logistics services. The company generates most of the revenue from the Ship owning segment. Further, it also operates in geographical segments like Japan, Singapore, and other countries. It generates most of its revenues from Japan.

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