Action Construction Equipment (BOM:532762) Interest Expense : ₹-232 Mil (TTM As of Mar. 2024)

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What is Action Construction Equipment Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Action Construction Equipment's interest expense for the three months ended in Mar. 2024 was ₹ -107 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-232 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. Action Construction Equipment's Operating Income for the three months ended in Mar. 2024 was ₹ 1,229 Mil. Action Construction Equipment's Interest Expense for the three months ended in Mar. 2024 was ₹ -107 Mil. Action Construction Equipment's Interest Coverage for the quarter that ended in Mar. 2024 was 11.48. 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.

Action Construction Equipment Interest Expense Historical Data

The historical data trend for Action Construction Equipment'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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Action Construction Equipment Interest Expense Chart

Action Construction Equipment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-146.60

-122.33

-95.20

-102.90

-231.70

Action Construction Equipment 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															-33.80	-31.40	-38.10	-55.20	-107.00

Action Construction Equipment 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 ₹-232 Mil.

Action Construction Equipment (BOM:532762) 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.

Action Construction Equipment's Interest Expense for the three months ended in Mar. 2024 was ₹-107 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,229 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2 Mil.

Action Construction Equipment'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	*	1228.7	/	-107
	=	11.48

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

Action Construction Equipment (BOM:532762) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Action Construction Equipment Ltd (BOM:532762) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

ACE:India

Address

Dudhola Link Road, Dudhala District, Palwal, HR, IND, 121102

Website

https://www.ace-cranes.com

Action Construction Equipment Ltd is engaged in manufacturing material handling and construction equipment. The company operates in four business segments that are Cranes, Construction Equipment, Material Handling, and Agri Equipment. The product portfolio of the company consists of the mobile crane, tower crane, crawler crane, backhoe and ladder, road equipment, and the forklift truck. Most of the firm's revenue gets derived from the Cranes segment.

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