Oceanus Group (SGX:579) Interest Expense : S$-5.2 Mil (TTM As of Dec. 2023)

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What is Oceanus Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Oceanus Group's interest expense for the six months ended in Dec. 2023 was S$ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was S$-5.2 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. Oceanus Group's Operating Income for the six months ended in Dec. 2023 was S$ 1.5 Mil. Oceanus Group's Interest Expense for the six months ended in Dec. 2023 was S$ -1.4 Mil. Oceanus Group's Interest Coverage for the quarter that ended in Dec. 2023 was 1.01. 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.

Oceanus Group Interest Expense Historical Data

The historical data trend for Oceanus Group'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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Oceanus Group Interest Expense Chart

Oceanus Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-0.01

-0.38

-1.74

-4.14

-5.21

Oceanus Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.23	-2.03	-2.12	-3.78	-1.43

Oceanus Group 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 semi-annually data reported by the company within the most recent 12 months, which was S$-5.2 Mil.

Oceanus Group (SGX:579) 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.

Oceanus Group's Interest Expense for the six months ended in Dec. 2023 was S$-1.4 Mil. Its Operating Income for the six months ended in Dec. 2023 was S$1.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was S$24.0 Mil.

Oceanus Group'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	*	1.453	/	-1.433
	=	1.01

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. Oceanus Group Ltd interest coverage is 1, which is low.

Oceanus Group (SGX:579) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Oceanus Group Ltd (SGX:579) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

25 Ubi Road 4, Number 03-05, UBIX, Singapore, SGP, 408621

Website

https://www.oceanus.com.sg

Oceanus Group Ltd is an investment holding company. The company is engaged in the operation of hatcheries and fish farms, processing, curing, and preserving fish and other seafood. Its operating segment trading segment is those sales of processed marine products, alcoholic beverages, cosmetics, and coffee. The consultancy segment provides consultancy services related to fish farming and acquiring technologies for aquaculture and fishery business. Its geographical segments include China and Singapore, Hong Kong, Macau, and Cambodia out of which Hong Kong contributes the majority of the revenue.

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