Gujarat Ambuja Exports (BOM:524226) Interest Expense : ₹-184 Mil (TTM As of Mar. 2024)

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What is Gujarat Ambuja Exports Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gujarat Ambuja Exports's interest expense for the three months ended in Mar. 2024 was ₹ -34 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-184 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. Gujarat Ambuja Exports's Operating Income for the three months ended in Mar. 2024 was ₹ 811 Mil. Gujarat Ambuja Exports's Interest Expense for the three months ended in Mar. 2024 was ₹ -34 Mil. Gujarat Ambuja Exports's Interest Coverage for the quarter that ended in Mar. 2024 was 24.14. 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.

Gujarat Ambuja Exports Interest Expense Historical Data

The historical data trend for Gujarat Ambuja Exports'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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Gujarat Ambuja Exports Interest Expense Chart

Gujarat Ambuja Exports Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

Mar20

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Mar22

Mar23

Mar24

Interest Expense

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-46.50

-30.80

-22.20

-132.60

-183.80

Gujarat Ambuja Exports 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															-44.50	-61.70	-58.70	-29.80	-33.60

Gujarat Ambuja Exports 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 ₹-184 Mil.

Gujarat Ambuja Exports (BOM:524226) 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.

Gujarat Ambuja Exports's Interest Expense for the three months ended in Mar. 2024 was ₹-34 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹811 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹30 Mil.

Gujarat Ambuja Exports'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	*	811.1	/	-33.6
	=	24.14

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

Gujarat Ambuja Exports (BOM:524226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gujarat Ambuja Exports Ltd (BOM:524226) » Definitions » Interest Expense

Traded in Other Exchanges

GAEL:India

Address

Ambuja Tower, Sindhu Bhavan Road, Opposite Sindhu Bhavan, P.O. Thaltej, Bodakdev, Ahmedabad, GJ, IND, 380 059

Website

https://www.ambujagroup.com

Gujarat Ambuja Exports Ltd is a manufacturer of Corn Starch Derivatives, Soya Derivatives, and Cotton Yarn. The company's operating segments include the Spinning division; Maize Processing; Other Agro Processing and Renewable Power division. The company generates maximum revenue from the Maize Processing segment. Geographically, it derives a majority of its revenue from India. Some of its products include Vanaspati Ghee, Refined Palm Oil, Bakery Shortening, Corn/Maize Starch, and others.

Gujarat Ambuja Exports (BOM:524226) Headlines

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