T7 Global Bhd (XKLS:7228) Interest Expense : RM-30.6 Mil (TTM As of Mar. 2024)

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What is T7 Global Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. T7 Global Bhd's interest expense for the three months ended in Mar. 2024 was RM -7.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-30.6 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. T7 Global Bhd's Operating Income for the three months ended in Mar. 2024 was RM 11.9 Mil. T7 Global Bhd's Interest Expense for the three months ended in Mar. 2024 was RM -7.0 Mil. T7 Global Bhd's Interest Coverage for the quarter that ended in Mar. 2024 was 1.70. 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.

T7 Global Bhd Interest Expense Historical Data

The historical data trend for T7 Global Bhd'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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T7 Global Bhd Interest Expense Chart

T7 Global Bhd Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-2.04

-3.36

-5.64

-9.53

-26.87

T7 Global Bhd 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															-3.21	-2.70	-6.76	-14.20	-6.98

T7 Global Bhd 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 RM-30.6 Mil.

T7 Global Bhd (XKLS:7228) 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.

T7 Global Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-7.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM11.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM526.6 Mil.

T7 Global Bhd'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	*	11.858	/	-6.976
	=	1.70

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. T7 Global Bhd interest coverage is 2.61, which is low.

T7 Global Bhd (XKLS:7228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » T7 Global Bhd (XKLS:7228) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

338, Jalan Tun Razak, KL Trillion Corporate Tower, C-16-01, Level 16, Block C, Wilayah Persekutuan, Kuala Lumpur, MYS, 50400

Website

https://www.t7global.com.my

T7 Global Bhd is a Malaysia-based international offshore oilfield service provider for the upstream and downstream players in the oil and gas industry with a presence in Asia. Its segments include Products and services, Manpower supply, and Engineered packages. The group serves a wide range of customers which include multinational oil majors, national oil companies as well as multinational oil corporation throughout the World.

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