JG Summit Holdings (PHS:JGS) Interest Expense : ₱-16,583 Mil (TTM As of Mar. 2024)

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What is JG Summit Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. JG Summit Holdings's interest expense for the three months ended in Mar. 2024 was ₱ -4,381 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-16,583 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. JG Summit Holdings's Operating Income for the three months ended in Mar. 2024 was ₱ 14,232 Mil. JG Summit Holdings's Interest Expense for the three months ended in Mar. 2024 was ₱ -4,381 Mil. JG Summit Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 3.25. 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.

JG Summit Holdings Interest Expense Historical Data

The historical data trend for JG Summit Holdings'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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JG Summit Holdings Interest Expense Chart

JG Summit Holdings Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-9,712.35

-8,719.41

-8,853.45

-10,764.26

-15,772.17

JG Summit Holdings 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															-3,569.84	-3,729.26	-4,019.71	-4,453.36	-4,380.95

JG Summit Holdings 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 ₱-16,583 Mil.

JG Summit Holdings (PHS:JGS) 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.

JG Summit Holdings's Interest Expense for the three months ended in Mar. 2024 was ₱-4,381 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱14,232 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱270,807 Mil.

JG Summit Holdings'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	*	14232.369	/	-4380.95
	=	3.25

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. JG Summit Holdings Inc interest coverage is 3.18, which is low.

JG Summit Holdings (PHS:JGS) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » JG Summit Holdings Inc (PHS:JGS) » Definitions » Interest Expense

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JGSHF:USA

Address

ADB Avenue Corner, Poveda Road, 43rd Floor, Robinsons-Equitable Tower, Ortigas Center, Metro Manila, Pasig City, RIZ, PHL, 1600

Website

https://www.jgsummit.com.ph

JG Summit Holdings Inc is a diversified Filipino conglomerate, engaged in foods, agro-industrial and commodities, real estate and hotel, air transportation, banking and petrochemicals. The company also has investments in telecommunications and power generation and distribution. It also has a branded consumer foods business in China, ASEAN and an investment in a property development company in Singapore. The Group conducts businesses throughout the Philippines, but primarily in and around Metro Manila and in the regions of Luzon, Visayas and Mindanao.

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