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Aisha Steel Mills (KAR:ASL) Interest Expense : ₨-3,903 Mil (TTM As of Mar. 2024)


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What is Aisha Steel Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aisha Steel Mills's interest expense for the three months ended in Mar. 2024 was ₨ -991 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-3,903 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. Aisha Steel Mills's Operating Income for the three months ended in Mar. 2024 was ₨ 1,012 Mil. Aisha Steel Mills's Interest Expense for the three months ended in Mar. 2024 was ₨ -991 Mil. Aisha Steel Mills's Interest Coverage for the quarter that ended in Mar. 2024 was 1.02. 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.

Aisha Steel Mills Interest Expense Historical Data

The historical data trend for Aisha Steel Mills'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.

* Premium members only.

Aisha Steel Mills Interest Expense Chart

Aisha Steel Mills Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,479.84 -2,831.30 -1,431.05 -2,163.26 -3,518.74

Aisha Steel Mills 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,005.69 -1,005.80 -961.21 -945.34 -990.98

Aisha Steel Mills 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 ₨-3,903 Mil.

* 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.

Aisha Steel Mills  (KAR:ASL) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Aisha Steel Mills's Interest Expense for the three months ended in Mar. 2024 was ₨-991 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨1,012 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨2,534 Mil.

Aisha Steel Mills'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*1012.493/-990.976
=1.02

* 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.

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

Aisha Steel Mills (KAR:ASL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Aisha Steel Mills Ltd (KAR:ASL) » Definitions » Interest Expense
Comparable Companies
KAR:ASTL KAR:CSAP KAR:AGHA KAR:ITTEFAQ KAR:INIL KAR:MUGHAL KAR:ISL NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF TPE:2002 BUE:TXAR SZSE:000708
Traded in Other Exchanges
ASLPS.PFD:Pakistan
Address
23 M.T. Khan Road, 1st Floor, Arif Habib Center, Karachi, SD, PAK, 74000
Website
https://www.aishasteel.com
Aisha Steel Mills Ltd is involved in manufacturing and selling cold rolled steel coils and sheets to the industrial, engineering, and manufacturing industries in Pakistan. Its product offerings include hot-dipped galvanized steel coils, cold-rolled steel coils, and others. The company geographically operates in Pakistan, North America, Middle East, Europe, Asia and Africa. The majority of revenue is derived from Pakistan.

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