Apex Spinning & Knitting Mills (DHA:APEXSPINN) Interest Expense : BDT-37 Mil (TTM As of Mar. 2024)

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What is Apex Spinning & Knitting Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apex Spinning & Knitting Mills's interest expense for the three months ended in Mar. 2024 was BDT -18 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was BDT-37 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. Apex Spinning & Knitting Mills's Operating Income for the three months ended in Mar. 2024 was BDT 40 Mil. Apex Spinning & Knitting Mills's Interest Expense for the three months ended in Mar. 2024 was BDT -18 Mil. Apex Spinning & Knitting Mills's Interest Coverage for the quarter that ended in Mar. 2024 was 2.23. 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.

Apex Spinning & Knitting Mills Interest Expense Historical Data

The historical data trend for Apex Spinning & Knitting 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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Apex Spinning & Knitting Mills Interest Expense Chart

Apex Spinning & Knitting Mills Annual Data

Trend

Mar14

Mar15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-4.80

-2.02

-3.58

-3.06

-3.10

Apex Spinning & Knitting Mills 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															-14.16	-0.51	-0.50	-18.11	-17.77

Apex Spinning & Knitting 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was BDT-37 Mil.

Apex Spinning & Knitting Mills (DHA:APEXSPINN) 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.

Apex Spinning & Knitting Mills's Interest Expense for the three months ended in Mar. 2024 was BDT-18 Mil. Its Operating Income for the three months ended in Mar. 2024 was BDT40 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was BDT0 Mil.

Apex Spinning & Knitting Mills'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	*	39.717	/	-17.771
	=	2.23

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

Apex Spinning & Knitting Mills (DHA:APEXSPINN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Apex Spinning & Knitting Mills Ltd (DHA:APEXSPINN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Gulshan Avenue, Shanta Skymark, 8th & 13th Floor, Gulshan, Dhaka, BGD, 1212

Website

https://www.apexknitting.com

Apex Spinning & Knitting Mills Ltd is a Bangladesh based company that operates as a manufacturer and exporter of all kinds of textiles knitted garments. The company is principally operating in manufacturing high-quality Knit-garments for infants, children, and womenswear using fabrics produced in-house.

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