PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) Interest Expense : Rp-579 Mil (TTM As of Mar. 2024)

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What is PT Asuransi Maximus Graha Persada Tbk Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PT Asuransi Maximus Graha Persada Tbk's interest expense for the three months ended in Mar. 2024 was Rp -76 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was Rp-579 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 Asuransi Maximus Graha Persada Tbk's Operating Income for the three months ended in Mar. 2024 was Rp -3,656 Mil. PT Asuransi Maximus Graha Persada Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp -76 Mil. PT Asuransi Maximus Graha Persada Tbk did not have earnings to cover the interest expense. 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 Asuransi Maximus Graha Persada Tbk Interest Expense Historical Data

The historical data trend for PT Asuransi Maximus Graha Persada 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 Asuransi Maximus Graha Persada Tbk Interest Expense Chart

PT Asuransi Maximus Graha Persada Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-138.50

-286.12

-493.10

-187.78

-578.88

PT Asuransi Maximus Graha Persada 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															-75.58	-80.29	-70.87	-352.15	-75.61

PT Asuransi Maximus Graha Persada 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-579 Mil.

PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) 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 Asuransi Maximus Graha Persada Tbk's Interest Expense for the three months ended in Mar. 2024 was Rp-76 Mil. Its EBIT for the three months ended in Mar. 2024 was Rp-3,656 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was Rp187 Mil.

PT Asuransi Maximus Graha Persada Tbk's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

PT Asuransi Maximus Graha Persada Tbk did not have earnings to cover the interest expense.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. PT Asuransi Maximus Graha Persada Tbk has enough cash to cover all of its debt. Its financial situation is stable.

PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » PT Asuransi Maximus Graha Persada Tbk (ISX:ASMI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Yos Sudarso No. 88, Sunter, Gedung Graha Kirana Lt. 6, Jakarta, IDN, 14350

Website

https://www.asuransimaximus.com

PT Asuransi Maximus Graha Persada Tbk is an Indonesia-based insurance service provider. It provides insurance services such as motor vehicle insurance, fire insurance, health insurance, marine cargo insurance, money insurance, engineering insurance, and other insurance. The group's operations are located in the geographical areas of Indonesia namely, Sumatera, Java, Bali, Sulawesi, and Kalimantan. It derives the majority of its revenue from the operations in Jawa. The organization generates prime underwriting revenue by providing motor vehicle insurance services.

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