Aditya Ispat (BOM:513513) Interest Expense : ₹-28.9 Mil (TTM As of Dec. 2023)

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What is Aditya Ispat Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aditya Ispat's interest expense for the three months ended in Dec. 2023 was ₹ -7.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-28.9 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. Aditya Ispat's Operating Income for the three months ended in Dec. 2023 was ₹ 7.5 Mil. Aditya Ispat's Interest Expense for the three months ended in Dec. 2023 was ₹ -7.6 Mil. Aditya Ispat's Interest Coverage for the quarter that ended in Dec. 2023 was 0.99. 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.

Aditya Ispat Interest Expense Historical Data

The historical data trend for Aditya Ispat'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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Aditya Ispat Interest Expense Chart

Aditya Ispat Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-11.88

-11.85

-15.46

-18.21

-28.86

Aditya Ispat Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-8.21	-5.89	-8.03	-7.39	-7.60

Aditya Ispat 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-28.9 Mil.

Aditya Ispat (BOM:513513) 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.

Aditya Ispat's Interest Expense for the three months ended in Dec. 2023 was ₹-7.6 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹7.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

Aditya Ispat's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	7.486	/	-7.599
	=	0.99

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. Aditya Ispat Ltd interest coverage is 1, which is low.

Aditya Ispat (BOM:513513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aditya Ispat Ltd (BOM:513513) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 20, Phase V, IDA, Jeedimetla, Hyderabad, AP, IND, 500055

Website

https://www.adityaispat.com

Aditya Ispat Ltd is a company that operates in the steel business. It is primarily involved in the manufacturing of bright steel bars of mild steel, carbon steel, alloy steel, and wires. The bright steel bar is the basic raw material for bolts, nuts, shafts, fasteners, tools, and manual irrigation equipment and is also widely used by automobile, fabrication, engineering, fan, chemical, food, marine, dairy, pharmaceuticals, and aerospace industries. In addition, it is also involved in the manufacturing of HB wire and Annealed wire including Binding wire. Geographically, operates through India and it derives revenue through the sale of the mentioned products.

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