Millennium Global Holdings (PHS:MG) Interest Expense : ₱-19.8 Mil (TTM As of Mar. 2024)

View and export this data going back to 1976. Start your Free Trial

What is Millennium Global Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Millennium Global Holdings's interest expense for the three months ended in Mar. 2024 was ₱ -6.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₱-19.8 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. Millennium Global Holdings's Operating Income for the three months ended in Mar. 2024 was ₱ 5.7 Mil. Millennium Global Holdings's Interest Expense for the three months ended in Mar. 2024 was ₱ -6.5 Mil. Millennium Global Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.88. 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.

Millennium Global Holdings Interest Expense Historical Data

The historical data trend for Millennium Global 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.

* Premium members only.

Millennium Global Holdings Interest Expense Chart

Millennium Global Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

Get a 7-Day Free Trial

-52.08

-22.64

-22.04

-22.29

-22.53

Millennium Global 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															-9.16	-17.00	-18.77	22.40	-6.46

Millennium Global 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 ₱-19.8 Mil.

Millennium Global Holdings (PHS:MG) 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.

Millennium Global Holdings's Interest Expense for the three months ended in Mar. 2024 was ₱-6.5 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₱5.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₱0.8 Mil.

Millennium Global 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	*	5.706	/	-6.462
	=	0.88

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. Millennium Global Holdings Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Millennium Global Holdings (PHS:MG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Millennium Global Holdings Inc (PHS:MG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 9 Block 2, John Street, Multinational Village, Paranaque, PHL, 1701

Website

https://www.millennium-globalholdingsinc.com

Millennium Global Holdings Inc is engaged in the seafood business. The company is engaged in the processing of high quality seafood and aquaculture products for export and trading of imported marine and other related products. Its business activity is the processing and export of several quality and high valued seafood products such as Black Tiger Shrimps, Kisu (asohos) fillet, frozen lobsters, among others. It derives its revenue primarily from the export sale of aquatic and marine products.