Tat Seng Packaging Group (SGX:T12) Interest Expense : S$-1.1 Mil (TTM As of Dec. 2023)

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What is Tat Seng Packaging Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tat Seng Packaging Group's interest expense for the six months ended in Dec. 2023 was S$ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-1.1 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. Tat Seng Packaging Group's Operating Income for the six months ended in Dec. 2023 was S$ 14.8 Mil. Tat Seng Packaging Group's Interest Expense for the six months ended in Dec. 2023 was S$ -0.5 Mil. Tat Seng Packaging Group's Interest Coverage for the quarter that ended in Dec. 2023 was 28.64. 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.

Tat Seng Packaging Group Interest Expense Historical Data

The historical data trend for Tat Seng Packaging Group'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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Tat Seng Packaging Group Interest Expense Chart

Tat Seng Packaging Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.12

-1.61

-1.43

-1.46

-1.07

Tat Seng Packaging Group 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															-0.66	-0.93	-0.52	-0.56	-0.52

Tat Seng Packaging Group 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$-1.1 Mil.

Tat Seng Packaging Group (SGX:T12) 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.

Tat Seng Packaging Group's Interest Expense for the six months ended in Dec. 2023 was S$-0.5 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$14.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$6.4 Mil.

Tat Seng Packaging Group'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	*	14.776	/	-0.516
	=	28.64

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

Tat Seng Packaging Group (SGX:T12) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Tat Seng Packaging Group Ltd (SGX:T12) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Senoko Drive, Singapore, SGP, 758214

Website

http://www.tspg.sg

Tat Seng Packaging Group Ltd is engaged in manufacturing and sales of corrugated paper products and other packaging products. The company designs, manufactures and sells corrugated paper packaging products for the packing of a diverse range of products according to customers' specifications. Its key products include corrugated paper boards, corrugated paper cartons, die-cut boxes, assembly cartons and heavy duty corrugated paper products. It also carries and sells a range of other packaging related products. Its segments include Singapore and PRC with majority of the revenue deriving from PRC.

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