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ASL Marine Holdings (SGX:A04) Interest Expense : S$-24.1 Mil (TTM As of Mar. 2024)


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What is ASL Marine Holdings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. ASL Marine Holdings's interest expense for the three months ended in Mar. 2024 was S$ -6.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was S$-24.1 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. ASL Marine Holdings's Operating Income for the three months ended in Mar. 2024 was S$ 5.8 Mil. ASL Marine Holdings's Interest Expense for the three months ended in Mar. 2024 was S$ -6.3 Mil. ASL Marine Holdings's Interest Coverage for the quarter that ended in Mar. 2024 was 0.91. 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.

ASL Marine Holdings Interest Expense Historical Data

The historical data trend for ASL Marine 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.

ASL Marine Holdings Interest Expense Chart

ASL Marine Holdings Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.32 -26.07 -24.93 -23.88 -28.96

ASL Marine 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -6.95 -3.92 -6.84 -7.04 -6.32

ASL Marine 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 S$-24.1 Mil.

* 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.

ASL Marine Holdings  (SGX:A04) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

ASL Marine Holdings's Interest Expense for the three months ended in Mar. 2024 was S$-6.3 Mil. Its Operating Income for the three months ended in Mar. 2024 was S$5.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was S$110.4 Mil.

ASL Marine 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*5.77/-6.324
=0.91

* 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.

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. ASL Marine Holdings Ltd interest coverage is 1.41, which is low.

ASL Marine Holdings (SGX:A04) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » ASL Marine Holdings Ltd (SGX:A04) » Definitions » Interest Expense
Comparable Companies
SGX:1V3 SGX:BEZ SGX:5RC SGX:1J4 SGX:BTM XPAR:AIR BA RTX LMT XPAR:SAF GD NOC TDG LSE:BA. LHX LSE:RR. XPAR:HO HWM BOM:541154 HEI.A
Traded in Other Exchanges
N/A
Address
No. 19 Pandan Road, Singapore, SGP, 609271
Website
https://www.aslmarine.com
ASL Marine Holdings Ltd is an investment holding company. The company's operating segment includes Shipbuilding; Shiprepair, conversion and engineering; Shipchartering, and Investment holding. It generates maximum revenue from the Shiprepair, conversion and engineering services segment. The Shiprepair, conversion and engineering services segment includes the provision of shiprepair, dredging engineering products, and related services. Geographically, it derives a majority of revenue from Singapore and also has a presence in Indonesia; the Rest of Asia; Europe; Australia and the United States of America, and other countries.

ASL Marine Holdings (SGX:A04) Headlines

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