Asian Paints (BOM:500820) Interest Expense : ₹-2,052 Mil (TTM As of Mar. 2024)

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What is Asian Paints Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asian Paints's interest expense for the three months ended in Mar. 2024 was ₹ -541 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2,052 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. Asian Paints's Operating Income for the three months ended in Mar. 2024 was ₹ 14,658 Mil. Asian Paints's Interest Expense for the three months ended in Mar. 2024 was ₹ -541 Mil. Asian Paints's Interest Coverage for the quarter that ended in Mar. 2024 was 27.09. 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.

Asian Paints Interest Expense Historical Data

The historical data trend for Asian Paints'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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Asian Paints Interest Expense Chart

Asian Paints Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

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Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1,023.30

-916.30

-954.10

-1,444.50

-2,051.70

Asian Paints 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															-389.10	-457.50	-509.00	-544.20	-541.00

Asian Paints 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 ₹-2,052 Mil.

Asian Paints (BOM:500820) 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.

Asian Paints's Interest Expense for the three months ended in Mar. 2024 was ₹-541 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹14,658 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹11,497 Mil.

Asian Paints'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	*	14657.6	/	-541
	=	27.09

The higher the ratio, the stronger the company's financial strength is.

Asian Paints (BOM:500820) Business Description

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ASIANPAINT:India

Address

Asian Paints House, 6A, Shantinagar, Santacruz (East), Mumbai, MH, IND, 400 055

Website

https://www.asianpaints.com

Asian Paints Ltd manufactures and sells a variety of paint and home improvement products. The firm organizes itself into two segments based on product type. The paints segment, which generates the vast majority of revenue, sells interior and exterior paints, metal finish, and wood finish. The home improvement segment sells kitchen and bathroom products. Asian Paints sells its products to distributors and directly to the home improvement industry through the company's network of retail stores. The majority of revenue comes from India.

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