Accuracy Shipping (NSE:ACCURACY) Interest Expense : ₹-103 Mil (TTM As of Dec. 2023)

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What is Accuracy Shipping Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Accuracy Shipping's interest expense for the three months ended in Dec. 2023 was ₹ -27 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-103 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. Accuracy Shipping's Operating Income for the three months ended in Dec. 2023 was ₹ 11 Mil. Accuracy Shipping's Interest Expense for the three months ended in Dec. 2023 was ₹ -27 Mil. Accuracy Shipping's Interest Coverage for the quarter that ended in Dec. 2023 was 0.41. 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.

Accuracy Shipping Interest Expense Historical Data

The historical data trend for Accuracy Shipping'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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Accuracy Shipping Interest Expense Chart

Accuracy Shipping Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-46.97

-73.77

-53.84

-84.29

-113.83

Accuracy Shipping Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-35.35	-18.35	-30.24	-27.39	-27.08

Accuracy Shipping 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-103 Mil.

Accuracy Shipping (NSE:ACCURACY) 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.

Accuracy Shipping's Interest Expense for the three months ended in Dec. 2023 was ₹-27 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Accuracy Shipping's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	11.08	/	-27.08
	=	0.41

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

Accuracy Shipping (NSE:ACCURACY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Accuracy Shipping Ltd (NSE:ACCURACY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Indian Oil Pump Road, ASL House, Survey No. 42, Plot No. 11, Meghpar Borichi, Near Genus Factory, Anjar, Kachchh, GJ, IND, 370110

Website

https://www.aslindia.net

Accuracy Shipping Ltd is a logistics service provider in India. It offers customized and ends to end logistics solutions and services including transportation and distribution, freight forwarding, clearing and forwarding service, custom house clearance, warehousing and value-added services. It offers freight services for the export and import of cargo by multiple modes of transport such as sea, road and air.

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