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AB Cotspin India (NSE:ABCOTS) Interest Expense : ₹-66 Mil (TTM As of Sep. 2023)


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What is AB Cotspin India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AB Cotspin India's interest expense for the six months ended in Sep. 2023 was ₹ -41 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-66 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. AB Cotspin India's Operating Income for the six months ended in Sep. 2023 was ₹ 65 Mil. AB Cotspin India's Interest Expense for the six months ended in Sep. 2023 was ₹ -41 Mil. AB Cotspin India's Interest Coverage for the quarter that ended in Sep. 2023 was 1.58. 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.


AB Cotspin India Interest Expense Historical Data

The historical data trend for AB Cotspin India'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.

AB Cotspin India Interest Expense Chart

AB Cotspin India Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23
Interest Expense
-27.37 -18.92 -20.29 -17.95 -34.36

AB Cotspin India Semi-Annual Data
Mar19 Mar20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Interest Expense Get a 7-Day Free Trial -21.23 3.28 -8.95 -25.41 -40.99

AB Cotspin India 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-66 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.


AB Cotspin India  (NSE:ABCOTS) 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.

AB Cotspin India's Interest Expense for the six months ended in Sep. 2023 was ₹-41 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹65 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹521 Mil.

AB Cotspin India's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2023 )/Interest Expense (Q: Sep. 2023 )
=-1*64.697/-40.985
=1.58

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AB Cotspin India Ltd interest coverage is 1.55, which is low.


AB Cotspin India (NSE:ABCOTS) Business Description

Traded in Other Exchanges
N/A
Address
Goniana Road, NH-54, Near lake-3, Bathinda, PB, IND, 151001
AB Cotspin India Ltd has one segment of activity namely Cotton Ginning. Revenue is generated from the sale of products. The company is engaged in manufacturing cotton yarns & fabrics both combed and karded, knitted fabric, cottonseed oil and oilcake catering to the requirements of niche customers who in turn are engaged in making garments for their international buyers.

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