Adani Total Gas (BOM:542066) Interest Expense : ₹-984 Mil (TTM As of Mar. 2024)

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What is Adani Total Gas Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adani Total Gas's interest expense for the three months ended in Mar. 2024 was ₹ -161 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-984 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. Adani Total Gas's Operating Income for the three months ended in Mar. 2024 was ₹ 2,505 Mil. Adani Total Gas's Interest Expense for the three months ended in Mar. 2024 was ₹ -161 Mil. Adani Total Gas's Interest Coverage for the quarter that ended in Mar. 2024 was 15.61. 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.

Adani Total Gas Interest Expense Historical Data

The historical data trend for Adani Total Gas'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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Adani Total Gas Interest Expense Chart

Adani Total Gas Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-391.30

-377.80

-482.90

-543.30

-984.20

Adani Total Gas 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															-80.10	-236.90	-272.80	-314.00	-160.50

Adani Total Gas 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 ₹-984 Mil.

Adani Total Gas (BOM:542066) 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.

Adani Total Gas's Interest Expense for the three months ended in Mar. 2024 was ₹-161 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,505 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹9,602 Mil.

Adani Total Gas'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	*	2505.4	/	-160.5
	=	15.61

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

Adani Total Gas (BOM:542066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Adani Total Gas Ltd (BOM:542066) » Definitions » Interest Expense

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ATGL:India

Address

S. G. Highway, Near Vaishno Devi Circle, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421

Website

https://www.adanigas.com

Adani Total Gas Ltd is developing City Gas Distribution (CGD) Networks to supply the Piped Natural Gas (PNG) to the Industrial, Commercial, Domestic (residential) and Compressed Natural Gas (CNG) to the transport sector. Geographically, the group has set up gas distribution networks in Ahmedabad and Vadodara in Gujarat, Faridabad in Haryana and Khurja in Uttar Pradesh.

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