Aerostar (BSE:ARS) Interest Expense : lei-0.0 Mil (TTM As of Mar. 2024)

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What is Aerostar Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aerostar's interest expense for the three months ended in Mar. 2024 was lei -0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was lei-0.0 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. Aerostar's Operating Income for the three months ended in Mar. 2024 was lei 27.4 Mil. Aerostar's Interest Expense for the three months ended in Mar. 2024 was lei -0.0 Mil. Aerostar's Interest Coverage for the quarter that ended in Mar. 2024 was 914.07. 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.

Aerostar Interest Expense Historical Data

The historical data trend for Aerostar'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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Aerostar Interest Expense Chart

Aerostar Annual Data

Trend

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Interest Expense

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-0.03

Aerostar 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															-0.03	-	-	-	-0.03

Aerostar 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 lei-0.0 Mil.

Aerostar (BSE:ARS) 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.

Aerostar's Interest Expense for the three months ended in Mar. 2024 was lei-0.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was lei27.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was lei1.5 Mil.

Aerostar'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	*	27.422	/	-0.03
	=	914.07

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Aerostar SA has enough cash to cover all of its debt. Its financial situation is stable.

Aerostar (BSE:ARS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Aerostar SA (BSE:ARS) » Definitions » Interest Expense

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Address

9 Condorilor Street, Bacau, ROU, 600302

Website

http://www.aerostar.ro

Aerostar S.A. is a Romania-based company engaged in the aerospace and defense industry. Principally, it is involved in the production of aircrafts and spaceships. The company's foremost business lines consist of maintenance of commercial aircraft, manufacturing of aviation products and aero and ground systems for defense, production, and integrations. Additionally, it distributes its products in domestic countries as well as internationally.

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