PT Steadyfe Tbk (ISX:SAFE) Interest Expense : Rp-20,524 Mil (TTM As of Mar. 2024)

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What is PT Steadyfe Tbk Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PT Steadyfe Tbk's interest expense for the three months ended in Mar. 2024 was Rp -4,107 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was Rp-20,524 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. PT Steadyfe Tbk's Operating Income for the three months ended in Mar. 2024 was Rp 14,690 Mil. PT Steadyfe Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp -4,107 Mil. PT Steadyfe Tbk's Interest Coverage for the quarter that ended in Mar. 2024 was 3.58. 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.

PT Steadyfe Tbk Interest Expense Historical Data

The historical data trend for PT Steadyfe Tbk'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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PT Steadyfe Tbk Interest Expense Chart

PT Steadyfe Tbk Annual Data

Trend

Dec14

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Dec23

Interest Expense

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-42,269.97

-39,731.95

-37,580.67

-32,047.14

-23,170.91

PT Steadyfe Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-6,754.04	-6,142.20	-5,484.44	-4,790.22	-4,107.41

PT Steadyfe Tbk 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was Rp-20,524 Mil.

PT Steadyfe Tbk (ISX:SAFE) 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.

PT Steadyfe Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-4,107 Mil. Its Operating Income for the three months ended in Mar. 2024 was Rp14,690 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was Rp4,544 Mil.

PT Steadyfe Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	14689.946	/	-4107.408
	=	3.58

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. PT Steady Safe Tbk interest coverage is 2.6, which is low.

PT Steadyfe Tbk (ISX:SAFE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » PT Steady Safe Tbk (ISX:SAFE) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Prof. DR. Satrio No.7, 15th Floor Satrio Tower RT.7/RW.2, Kuningan, Kecamatan Setiabudi Kota Jakarta Selatan, Daerah Khusus Ibukota, Jakarta, IDN, 12950

Website

http://www.steadysafe.co.id

PT Steady Safe Tbk is a public transportation company. Its business activities are in the field of transportation services, especially to be busway operator in Jakarta. The company and subsidiaries classify their business activities in two main business segments namely Land Transportation and Financial Services segment. The firm's revenue is dominated by the Land Transportation segment.