Advance Packaging Technology (M) Bhd (XKLS:9148) Interest Expense : RM-0.47 Mil (TTM As of Mar. 2024)

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What is Advance Packaging Technology (M) Bhd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advance Packaging Technology (M) Bhd's interest expense for the three months ended in Mar. 2024 was RM -0.17 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was RM-0.47 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. Advance Packaging Technology (M) Bhd's Operating Income for the three months ended in Mar. 2024 was RM 0.18 Mil. Advance Packaging Technology (M) Bhd's Interest Expense for the three months ended in Mar. 2024 was RM -0.17 Mil. Advance Packaging Technology (M) Bhd's Interest Coverage for the quarter that ended in Mar. 2024 was 1.07. 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.

Advance Packaging Technology (M) Bhd Interest Expense Historical Data

The historical data trend for Advance Packaging Technology (M) 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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Advance Packaging Technology (M) Bhd Interest Expense Chart

Advance Packaging Technology (M) Bhd Annual Data

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Interest Expense

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-0.24

Advance Packaging Technology (M) Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.10	-0.03	-0.15	-0.15	-0.17

Advance Packaging Technology (M) 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-0.47 Mil.

Advance Packaging Technology (M) Bhd (XKLS:9148) 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.

Advance Packaging Technology (M) Bhd's Interest Expense for the three months ended in Mar. 2024 was RM-0.17 Mil. Its Operating Income for the three months ended in Mar. 2024 was RM0.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was RM14.20 Mil.

Advance Packaging Technology (M) 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	*	0.182	/	-0.17
	=	1.07

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. Advance Packaging Technology (M) Bhds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Advance Packaging Technology (M) Bhd (XKLS:9148) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Advance Packaging Technology (M) Bhd (XKLS:9148) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Lot 2, Jalan P/2A, Kawasan MIEL, Bangi Industrial Estate, Bandar Baru Bangi, SGR, MYS, 43650

Website

https://www.advancedpack.com.my

Advance Packaging Technology (M) Bhd is principally engaged in the manufacturing and distribution of flexible packaging materials in Malaysia. The company produces flexible packaging materials catering to a wide cross-section of industries in both the local and overseas markets such as snack foods, Instant noodles, sweets and confectionery, liquid condiments, frozen foods, spices, beverages, medical/surgical products, pharmaceuticals, and others. Geographically, it generates the majority revenue from Malaysia and also has an operation in Mauritius, Hong Kong, and Brunei.

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