Minetech Resources Bhd (XKLS:7219) Interest Expense : RM-3.03 Mil (TTM As of Dec. 2023)

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What is Minetech Resources Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Minetech Resources Bhd's interest expense for the three months ended in Dec. 2023 was RM -1.20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was RM-3.03 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. Minetech Resources Bhd's Operating Income for the three months ended in Dec. 2023 was RM 0.53 Mil. Minetech Resources Bhd's Interest Expense for the three months ended in Dec. 2023 was RM -1.20 Mil. Minetech Resources Bhd's Interest Coverage for the quarter that ended in Dec. 2023 was 0.44. 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.

Minetech Resources Bhd Interest Expense Historical Data

The historical data trend for Minetech Resources 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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Minetech Resources Bhd Interest Expense Chart

Minetech Resources Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Interest Expense

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-2.04

-2.85

-1.65

-0.97

-1.15

Minetech Resources Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.16	-1.14	-0.60	-1.23	-1.20

Minetech Resources 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-3.03 Mil.

Minetech Resources Bhd (XKLS:7219) 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.

Minetech Resources Bhd's Interest Expense for the three months ended in Dec. 2023 was RM-1.20 Mil. Its Operating Income for the three months ended in Dec. 2023 was RM0.53 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was RM16.13 Mil.

Minetech Resources Bhd'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	*	0.534	/	-1.203
	=	0.44

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. Minetech Resources Bhds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Minetech Resources Bhd (XKLS:7219) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Minetech Resources Bhd (XKLS:7219) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Jalan SS7/26, D-G-5, Block D. Parklane Commercial Hub, Kelana Jaya, Petaling Jaya, SGR, MYS, 47301

Website

https://www.minetech.com.my

Minetech Resources Bhd is an investment holding and provision of a managerial service company. It generates maximum revenue from the Civil engineering segment. The Quarry products segment is engaged in the provision of turnkey and specialized quarry services and sales and marketing of quarry products. The Civil engineering segment specializes in civil engineering works. Geographically, it operates and derives revenue from Malaysia.

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