Ambica Agarbathies & Aroma Industries (BOM:532335) Interest Expense : ₹-97.2 Mil (TTM As of Mar. 2024)

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What is Ambica Agarbathies & Aroma Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ambica Agarbathies & Aroma Industries's interest expense for the three months ended in Mar. 2024 was ₹ -34.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-97.2 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. Ambica Agarbathies & Aroma Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 2.9 Mil. Ambica Agarbathies & Aroma Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -34.9 Mil. Ambica Agarbathies & Aroma Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 0.08. 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.

Ambica Agarbathies & Aroma Industries Interest Expense Historical Data

The historical data trend for Ambica Agarbathies & Aroma Industries'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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Ambica Agarbathies & Aroma Industries Interest Expense Chart

Ambica Agarbathies & Aroma Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-77.37

-71.98

-117.01

-78.43

-97.18

Ambica Agarbathies & Aroma Industries 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															-25.15	-20.64	-20.90	-20.73	-34.91

Ambica Agarbathies & Aroma Industries 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 ₹-97.2 Mil.

Ambica Agarbathies & Aroma Industries (BOM:532335) 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.

Ambica Agarbathies & Aroma Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-34.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.0 Mil.

Ambica Agarbathies & Aroma Industries'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	*	2.927	/	-34.906
	=	0.08

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. Ambica Agarbathies & Aroma Industries Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Ambica Agarbathies & Aroma Industries (BOM:532335) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ambica Agarbathies & Aroma Industries Ltd (BOM:532335) » Definitions » Interest Expense

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AMBICAAGAR:India

Address

100 FT Road, Ambica Empire, 57, Vadapalani, Chennai, TN, IND

Website

https://www.ambicaagarbathies.com

Ambica Agarbathies & Aroma Industries Ltd is an Indian manufacturer and seller of incense sticks. In addition, it is also involved in the business activities of operating hotels in Chennai and Vishakapatnam, Film production and distribution activities, and wind power generation activities. The operating segments of the company are the Agarbathies division and the Hotel division. The company derives a majority of its revenue from the Agarbathies division segment which involves manufacturing and selling varieties of incense sticks. The products offered by the entity are Durbar Bathi, Fruit (Natural Bathies), Sun Moon (incense sticks), Amrutham (herbal bathies), and Athjisaya Dhoop.

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