Ashoka Buildcon (BOM:533271) Interest Expense : ₹-13,104 Mil (TTM As of Mar. 2024)

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What is Ashoka Buildcon Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ashoka Buildcon's interest expense for the three months ended in Mar. 2024 was ₹ -3,338 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-13,104 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. Ashoka Buildcon's Operating Income for the three months ended in Mar. 2024 was ₹ 5,673 Mil. Ashoka Buildcon's Interest Expense for the three months ended in Mar. 2024 was ₹ -3,338 Mil. Ashoka Buildcon's Interest Coverage for the quarter that ended in Mar. 2024 was 1.70. 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.

Ashoka Buildcon Interest Expense Historical Data

The historical data trend for Ashoka Buildcon'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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Ashoka Buildcon Interest Expense Chart

Ashoka Buildcon Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-9,330.44

-9,151.87

-10,037.53

-11,038.27

-13,103.92

Ashoka Buildcon 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															-2,877.11	-3,186.01	-3,208.25	-3,371.62	-3,338.04

Ashoka Buildcon 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 ₹-13,104 Mil.

Ashoka Buildcon (BOM:533271) 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.

Ashoka Buildcon's Interest Expense for the three months ended in Mar. 2024 was ₹-3,338 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹5,673 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹37,935 Mil.

Ashoka Buildcon'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	*	5672.794	/	-3338.044
	=	1.70

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

Ashoka Buildcon (BOM:533271) Business Description

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ASHOKA:India

Address

Ashoka Marg, S. No. 861, Ashoka House, Vadala, Nashik, MH, IND, 422011

Website

https://www.ashokabuildcon.com

Ashoka Buildcon Ltd develops highways and is also active in power transmission and distribution. It operates in three segments: Construction and Contract Related Activities includes Engineering, Procurement and Construction activity of infra projects, Build operate and transfer includes Annuity to develop infra developer under BOT & Annuity, and Sale of Goods consist mainly Sale of construction material which includes RMC and Real estate. The company has its business operations across India. The majority of the revenue is generated from construction and contract-related activity.

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