Al-Ghazi Tractors (KAR:AGTL) Interest Expense : ₨-106 Mil (TTM As of Mar. 2024)

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What is Al-Ghazi Tractors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Al-Ghazi Tractors's interest expense for the three months ended in Mar. 2024 was ₨ -50 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-106 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. Al-Ghazi Tractors's Operating Income for the three months ended in Mar. 2024 was ₨ 1,408 Mil. Al-Ghazi Tractors's Interest Expense for the three months ended in Mar. 2024 was ₨ -50 Mil. Al-Ghazi Tractors's Interest Coverage for the quarter that ended in Mar. 2024 was 28.09. 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.

Al-Ghazi Tractors Interest Expense Historical Data

The historical data trend for Al-Ghazi Tractors'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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Al-Ghazi Tractors Interest Expense Chart

Al-Ghazi Tractors Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

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Dec23

Interest Expense

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-394.35

-143.97

-7.64

-142.30

-123.83

Al-Ghazi Tractors 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															-67.87	-156.80	110.35	-9.51	-50.13

Al-Ghazi Tractors 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 ₨-106 Mil.

Al-Ghazi Tractors (KAR:AGTL) 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.

Al-Ghazi Tractors's Interest Expense for the three months ended in Mar. 2024 was ₨-50 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨1,408 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨41 Mil.

Al-Ghazi Tractors'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	*	1408.401	/	-50.131
	=	28.09

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

Al-Ghazi Tractors (KAR:AGTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Al-Ghazi Tractors Ltd (KAR:AGTL) » Definitions » Interest Expense

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Address

16th East Street, Off. Korangi Road, Tractor House, No.102-B, DHA Phase I, Karachi, PAK

Website

https://www.alghazitractors.com

Al-Ghazi Tractors Ltd is an agricultural equipment manufacturer in Pakistan. Its major operating segment includes the manufacture and sale of agricultural tractors, implements and spare parts which generates most of the company's revenue. The company's other activities include implements and generators. Its implements segment comprises cultivators, disk harrows, potato diggers, sprayers, ploughs and all other equipment which aid agriculture and the generator segment offers energy-efficient diesel generators. Geographically, it derives a majority of revenue from Pakistan.

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