Aananda Lakshmi Spinning Mills (BOM:539096) Interest Expense : ₹-16.22 Mil (TTM As of Dec. 2023)

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What is Aananda Lakshmi Spinning Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aananda Lakshmi Spinning Mills's interest expense for the three months ended in Dec. 2023 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-16.22 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. Aananda Lakshmi Spinning Mills's Operating Income for the three months ended in Dec. 2023 was ₹ 6.36 Mil. Aananda Lakshmi Spinning Mills's Interest Expense for the three months ended in Dec. 2023 was ₹ 0.00 Mil. Aananda Lakshmi Spinning Mills has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Aananda Lakshmi Spinning Mills Interest Expense Historical Data

The historical data trend for Aananda Lakshmi Spinning Mills'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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Aananda Lakshmi Spinning Mills Interest Expense Chart

Aananda Lakshmi Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-6.51

-19.70

-14.44

-11.20

-12.94

Aananda Lakshmi Spinning Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.09	-12.74	-1.90	-1.59	-

Aananda Lakshmi Spinning Mills 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 ₹-16.22 Mil.

Aananda Lakshmi Spinning Mills (BOM:539096) 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.

Aananda Lakshmi Spinning Mills's Interest Expense for the three months ended in Dec. 2023 was ₹0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹6.36 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.00 Mil.

Aananda Lakshmi Spinning Mills's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Aananda Lakshmi Spinning Mills had no long-term debt ⁽¹⁾.

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. Aananda Lakshmi Spinning Mills Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Aananda Lakshmi Spinning Mills (BOM:539096) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Aananda Lakshmi Spinning Mills Ltd (BOM:539096) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

105, Sardar Patel Road, Surya Towers, 6th Floor, Secunderabad, TG, IND, 500003

Website

http://www.aanandalakshmi.com

Aananda Lakshmi Spinning Mills Ltd manufactures and sells textile products in India. The company offers grey yarns, including Combed, Semi-Combed, and Carded for use in sportswear, innerwear, sweaters, socks, and casual wear. It also offers Speciality yarn which includes Melange Yarn, Grindle Yarn, Doubled Yarn, and Slub / Fancy Yarn. The company is also engaged in real estate activities.

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