Atul (NSE:ATUL) Interest Expense : ₹-111 Mil (TTM As of Mar. 2024)

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What is Atul Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Atul's interest expense for the three months ended in Mar. 2024 was ₹ -51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-111 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. Atul's Operating Income for the three months ended in Mar. 2024 was ₹ 718 Mil. Atul's Interest Expense for the three months ended in Mar. 2024 was ₹ -51 Mil. Atul's Interest Coverage for the quarter that ended in Mar. 2024 was 14.16. 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.

Atul Interest Expense Historical Data

The historical data trend for Atul'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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Atul Interest Expense Chart

Atul Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-87.80

-88.90

-82.10

-79.00

-110.80

Atul 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															-21.90	-20.30	-18.60	-21.20	-50.70

Atul 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 ₹-111 Mil.

Atul (NSE:ATUL) 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.

Atul's Interest Expense for the three months ended in Mar. 2024 was ₹-51 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹718 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2,140 Mil.

Atul'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	*	718.1	/	-50.7
	=	14.16

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

Atul (NSE:ATUL) Business Description

Industry

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500027:India

Address

Atul, Ahmedabad, GJ, IND, 396020

Website

https://www.atul.co.in

Atul Ltd manufactures and sells a variety of chemicals and chemical-based products. The firm's two segments are based on product type. The Performance and other chemicals segment, which generates the majority of revenue, sells aromatics used in fragrances and personal-care products, bulk chemicals, and intermediates used in the production of cosmetics and automobile tires. The segment also sells chemicals used in textile dyes and plastic polymers used in airplanes and automobiles. The Life science chemicals segment sells crop protection products including herbicides, insecticides, and fungicides. The segment also sells pharmaceuticals used to treat depression, diabetes, infections, and cardiovascular diseases. Around half of the company's revenue comes from India.

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