Aban Offshore (NSE:ABAN) Interest Expense : ₹-10,921 Mil (TTM As of Mar. 2024)

View and export this data going back to 1995. Start your Free Trial

What is Aban Offshore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aban Offshore's interest expense for the three months ended in Mar. 2024 was ₹ -2,771 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-10,921 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. Aban Offshore's Operating Income for the three months ended in Mar. 2024 was ₹ 72 Mil. Aban Offshore's Interest Expense for the three months ended in Mar. 2024 was ₹ -2,771 Mil. Aban Offshore's Interest Coverage for the quarter that ended in Mar. 2024 was 0.03. 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.

Aban Offshore Interest Expense Historical Data

The historical data trend for Aban Offshore'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.

Aban Offshore Interest Expense Chart

Aban Offshore Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

Get a 7-Day Free Trial

-11,633.72

-10,719.96

-10,629.14

-11,095.77

-10,920.77

Aban Offshore 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															-2,867.28	-2,760.36	-2,648.52	-2,741.45	-2,770.52

Aban Offshore 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 ₹-10,921 Mil.

Aban Offshore (NSE:ABAN) 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.

Aban Offshore's Interest Expense for the three months ended in Mar. 2024 was ₹-2,771 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹72 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

Aban Offshore'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	*	71.71	/	-2770.52
	=	0.03

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

Aban Offshore (NSE:ABAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aban Offshore Ltd (NSE:ABAN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

523204:India

Address

Pantheon Road, 113, Janpriya Crest, Egmore, Chennai, TN, IND, 600 008

Website

https://www.abanoffshore.com

Aban Offshore Ltd is an Indian company engaged in the business of offshore drilling services. Its services include exploratory services, drilling services, production of hydrocarbons and manning and management. The business also owns and wind turbines for the generation of wind power in India. It generates maximum revenue from drilling services. Aban serves South East Asia, South Asia, Latin America, West Africa, and the Middle East.

Aban Offshore (NSE:ABAN) Headlines

No Headlines