Avantel (BOM:532406) Interest Expense : ₹-18 Mil (TTM As of Mar. 2024)

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What is Avantel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Avantel's interest expense for the three months ended in Mar. 2024 was ₹ 6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-18 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. Avantel's Operating Income for the three months ended in Mar. 2024 was ₹ 158 Mil. Avantel's Interest Expense for the three months ended in Mar. 2024 was ₹ 6 Mil. Avantel did not have earnings to cover the interest expense. 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.

Avantel Interest Expense Historical Data

The historical data trend for Avantel'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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Avantel Interest Expense Chart

Avantel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3.86

-3.63

-5.01

-41.90

-32.80

Avantel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-15.46	-8.34	-15.13	-8.70	5.93

Avantel 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 ₹-18 Mil.

Avantel (BOM:532406) 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.

Avantel's Interest Expense for the three months ended in Mar. 2024 was ₹6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹158 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹60 Mil.

Avantel's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

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

Avantel (BOM:532406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Avantel Ltd (BOM:532406) » Definitions » Interest Expense

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Address

Survey No’s. 66 & 67, Jubilee Enclave, Plot No. 68 & 69, Jubilee Heights, 4th floor, Madhapur, Hyderabad, TG, IND, 500081

Website

https://www.avantel.in

Avantel Ltd is engaged in the business of manufacturing telecom products and provides related customer support services. It caters to both domestic and international markets. It specializes in integrating technologies related to the wireless front end, satellite communication, embedded systems, signal processing, network management, and software development. It offers wireless, Satcom products, wireless products, software solutions, and services. It caters to defense, railway, and marine industries.

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