Artemis Medicare Services (BOM:542919) Interest Expense : ₹-313 Mil (TTM As of Mar. 2024)

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What is Artemis Medicare Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Artemis Medicare Services's interest expense for the three months ended in Mar. 2024 was ₹ -86 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-313 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. Artemis Medicare Services's Operating Income for the three months ended in Mar. 2024 was ₹ 269 Mil. Artemis Medicare Services's Interest Expense for the three months ended in Mar. 2024 was ₹ -86 Mil. Artemis Medicare Services's Interest Coverage for the quarter that ended in Mar. 2024 was 3.14. 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.

Artemis Medicare Services Interest Expense Historical Data

The historical data trend for Artemis Medicare 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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Artemis Medicare Services Interest Expense Chart

Artemis Medicare Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-105.11

-108.46

-93.58

-196.77

-312.87

Artemis Medicare 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															-52.67	-68.72	-78.83	-79.57	-85.75

Artemis Medicare 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 ₹-313 Mil.

Artemis Medicare Services (BOM:542919) 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.

Artemis Medicare Services's Interest Expense for the three months ended in Mar. 2024 was ₹-86 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹269 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,863 Mil.

Artemis Medicare 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	*	269.139	/	-85.746
	=	3.14

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

Artemis Medicare Services (BOM:542919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Artemis Medicare Services Ltd (BOM:542919) » Definitions » Interest Expense

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Address

Artemis Hospital, Sector 51, Gurugram, HR, IND, 122001

Website

https://www.artemishospitals.com

Artemis Medicare Services Ltd is engaged in managing and operating multi-specialty hospitals. The hospital provides treatments for Allergy and Immunology, Blood (Haematology), Bones, Muscles and Joints (Orthopaedics), Brain, Spine and Nervous System, Cancer (Oncology), Circulatory (Vascular), Digestive (Gastroenterology), Endocrine, Diabetes And Metabolism, Dermatology, Heart (Cardiology), Infectious Diseases, Kidneys (Renal), Lung (Pulmonary), Mouth, Teeth And Face (Oral And Maxillofacial), Obstetrics And Gynecology, Psychiatry, Rheumatology (Arthritis And Joint Disease), Surgery, and Urology. The group derives revenue primarily from offering healthcare services and has a business presence in India and Outside India.

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