Marine & General Bhd (XKLS:5078) Interest Expense : RM-34.9 Mil (TTM As of Jan. 2024)

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What is Marine & General Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marine & General Bhd's interest expense for the three months ended in Jan. 2024 was RM -9.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jan. 2024 was RM-34.9 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. Marine & General Bhd's Operating Income for the three months ended in Jan. 2024 was RM 16.9 Mil. Marine & General Bhd's Interest Expense for the three months ended in Jan. 2024 was RM -9.5 Mil. Marine & General Bhd's Interest Coverage for the quarter that ended in Jan. 2024 was 1.78. 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.

Marine & General Bhd Interest Expense Historical Data

The historical data trend for Marine & General Bhd'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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Marine & General Bhd Interest Expense Chart

Marine & General Bhd Annual Data

Trend

Jul11

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Apr20

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Apr23

Interest Expense

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-62.26

-50.86

-33.93

-30.09

-34.17

Marine & General Bhd Quarterly Data
	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Interest Expense	Get a 7-Day Free Trial															-8.90	-8.55	-8.43	-8.36	-9.51

Marine & General Bhd 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 Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-34.9 Mil.

Marine & General Bhd (XKLS:5078) 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.

Marine & General Bhd's Interest Expense for the three months ended in Jan. 2024 was RM-9.5 Mil. Its Operating Income for the three months ended in Jan. 2024 was RM16.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jan. 2024 was RM560.1 Mil.

Marine & General Bhd's Interest Coverage for the quarter that ended in Jan. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jan. 2024 )	/	Interest Expense (Q: Jan. 2024 )
	=	-1	*	16.894	/	-9.506
	=	1.78

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. Marine & General Bhd interest coverage is 3.25, which is low.

Marine & General Bhd (XKLS:5078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marine & General Bhd (XKLS:5078) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Tun Mohd Fuad, Level 23, Plaza VADS, Taman Tun Dr Ismail, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.marine-general.com.my

Marine & General Bhd is an investment holding company. Its operating segments include Marine Logistics - Upstream, which is the key revenue driver; and Marine Logistics - Downstream. Its business activities are the provision of vessel charter services serving the upstream oil and gas industry, the downstream oil and gas sector, and petroleum product tankers. The company generates the majority of its revenue from Malaysia.

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