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Ambuja Cements (LUX:AMCEM) Interest Expense : $-33 Mil (TTM As of Mar. 2024)


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What is Ambuja Cements Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ambuja Cements's interest expense for the three months ended in Mar. 2024 was $ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-33 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. Ambuja Cements's Operating Income for the three months ended in Mar. 2024 was $ 154 Mil. Ambuja Cements's Interest Expense for the three months ended in Mar. 2024 was $ -11 Mil. Ambuja Cements's Interest Coverage for the quarter that ended in Mar. 2024 was 13.73. 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.

Ambuja Cements Interest Expense Historical Data

The historical data trend for Ambuja Cements'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.

Ambuja Cements Interest Expense Chart

Ambuja Cements Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.07 -23.87 -19.05 -19.32 -33.29

Ambuja Cements Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 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 -5.05 -6.33 -7.37 -8.43 -11.19

Ambuja Cements 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 $-33 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.

Ambuja Cements  (LUX:AMCEM) 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.

Ambuja Cements's Interest Expense for the three months ended in Mar. 2024 was $-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was $154 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $62 Mil.

Ambuja Cements'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*153.665/-11.191
=13.73

* 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.

Ambuja Cements (LUX:AMCEM) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ambuja Cements Ltd (LUX:AMCEM) » Definitions » Interest Expense
Comparable Companies
BOM:500387 NSE:GRASIM BOM:542216 BOM:500410 NSE:JKCEMENT NSE:RAMCOCEM BOM:543334 BOM:500335 NSE:JKLAKSHMI NSE:PRSMJOHNSN CRH XSWX:HOLN NSE:ULTRACEMCO VMC MLM SHSE:600585 XKRX:003670 XTER:HEI ASX:JHX CEMEXCPO
Traded in Other Exchanges
AMBUJACEM:India 500425:India
Address
MIDC Cross Road ‘B’, Off Andheri-Kurla Road, Elegant Business Park, Andheri (East), Mumbai, MH, IND, 400059
Website
https://www.ambujacement.com
Ambuja Cements Ltd manufactures and sells cement, concrete, and cement-related products to the building and construction industries. The company's portfolio of products includes Portland Pozolona cement and ordinary Portland cement. The vast majority of the firm's revenue is generated in India. Ambuja Cements has operations throughout India and uses a network of ports, bulk cement terminals, captive ships, and railroads to transport its products to both warehouses and directly to customers. The company also has a technical services team that partners with customers to teach concrete mixing and curing techniques.

Ambuja Cements (LUX:AMCEM) Headlines

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