A.K. Capital Services (BOM:530499) Interest Expense : ₹-1,958 Mil (TTM As of Mar. 2024)

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What is A.K. Capital Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. A.K. Capital Services's interest expense for the three months ended in Mar. 2024 was ₹ -552 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,958 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. A.K. Capital Services's Operating Income for the three months ended in Mar. 2024 was ₹ 947 Mil. A.K. Capital Services's Interest Expense for the three months ended in Mar. 2024 was ₹ -552 Mil. A.K. Capital Services's Interest Coverage for the quarter that ended in Mar. 2024 was 1.72. 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.

A.K. Capital Services Interest Expense Historical Data

The historical data trend for A.K. Capital Services'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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A.K. Capital Services Interest Expense Chart

A.K. Capital Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1,152.01

-827.86

-924.32

-1,312.23

-1,958.02

A.K. Capital Services 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															-389.25	-441.59	-457.59	-506.92	-551.92

A.K. Capital Services 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 ₹-1,958 Mil.

A.K. Capital Services (BOM:530499) 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.

A.K. Capital Services's Interest Expense for the three months ended in Mar. 2024 was ₹-552 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹947 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹27,519 Mil.

A.K. Capital Services'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	*	946.685	/	-551.919
	=	1.72

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. A.K. Capital Services Ltd interest coverage is 1.61, which is low.

A.K. Capital Services (BOM:530499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » A.K. Capital Services Ltd (BOM:530499) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Off CST Road, 603, 6th Floor, Windsor, Kalina, Santacruz (East), Mumbai, IND, 400 098

Website

https://www.akgroup.co.in

A.K. Capital Services Ltd is engaged in the provision of merchant banking services within India. The company operates through a single segment consisting of Investment and financial activity. The group's investment banking products and services include private placement of fixed income securities such as commercial paper, public issue of bond and non-convertible debentures, loan syndication, underwriting of debt issues, qualified institutional placements, and foreign institutional debt financing. In addition, it is involved in providing various services related to Broking & Distribution, Advisory, Financing, and Structured Products such as corporate debt restructuring, fundraising, offshore debt financing, and others.

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