Abans Enterprises (BOM:512165) Interest Expense : ₹-120 Mil (TTM As of Mar. 2024)

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What is Abans Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Abans Enterprises's interest expense for the three months ended in Mar. 2024 was ₹ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-120 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. Abans Enterprises's Operating Income for the three months ended in Mar. 2024 was ₹ 59 Mil. Abans Enterprises's Interest Expense for the three months ended in Mar. 2024 was ₹ -36 Mil. Abans Enterprises's Interest Coverage for the quarter that ended in Mar. 2024 was 1.63. 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.

Abans Enterprises Interest Expense Historical Data

The historical data trend for Abans Enterprises'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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Abans Enterprises Interest Expense Chart

Abans Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-78.12

-125.77

-102.49

-44.51

-120.32

Abans Enterprises 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															-18.45	-21.27	-26.90	-36.22	-35.92

Abans Enterprises 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 ₹-120 Mil.

Abans Enterprises (BOM:512165) 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.

Abans Enterprises's Interest Expense for the three months ended in Mar. 2024 was ₹-36 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹59 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹248 Mil.

Abans Enterprises'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	*	58.647	/	-35.917
	=	1.63

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

Abans Enterprises (BOM:512165) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Abans Enterprises Ltd (BOM:512165) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

227 Nariman Bhavan, 36, 37, 38A, 3rd Floor, Backbay Reclamation, Nariman Point, Mumbai, MH, IND, 400 021

Website

http://www.abansenterprises.com

Abans Enterprises Ltd is involved in the business of trading, processing, broking, and consulting in commodities, agricultural products, precious metals, shares, and derivatives in electronic exchanges. The company's operating segment includes General Trading of commodities and Trading in Derivatives. It generates maximum revenue from the General Trading of commodities segment.

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