GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Crescent Steel & Allied Products Ltd (KAR:CSAP) » Definitions » Interest Expense

Crescent Steel & Allied Products (KAR:CSAP) Interest Expense : ₨-486 Mil (TTM As of Mar. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Crescent Steel & Allied Products Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Crescent Steel & Allied Products's interest expense for the three months ended in Mar. 2024 was ₨ -100 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-486 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. Crescent Steel & Allied Products's Operating Income for the three months ended in Mar. 2024 was ₨ 84 Mil. Crescent Steel & Allied Products's Interest Expense for the three months ended in Mar. 2024 was ₨ -100 Mil. Crescent Steel & Allied Products's Interest Coverage for the quarter that ended in Mar. 2024 was 0.84. 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.

Crescent Steel & Allied Products Interest Expense Historical Data

The historical data trend for Crescent Steel & Allied Products'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.

* Premium members only.

Crescent Steel & Allied Products Interest Expense Chart

Crescent Steel & Allied Products Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -306.67 -305.11 -208.73 -246.35 -362.69

Crescent Steel & Allied Products 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -94.03 -122.19 -129.91 -133.91 -99.88

Crescent Steel & Allied Products 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 ₨-486 Mil.

* 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.

Crescent Steel & Allied Products  (KAR:CSAP) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Crescent Steel & Allied Products's Interest Expense for the three months ended in Mar. 2024 was ₨-100 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨519 Mil.

Crescent Steel & Allied Products'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*84.262/-99.878
=0.84

* 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.

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

Crescent Steel & Allied Products (KAR:CSAP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Crescent Steel & Allied Products Ltd (KAR:CSAP) » Definitions » Interest Expense
Comparable Companies
KAR:ITTEFAQ KAR:ASL KAR:ASTL KAR:AGHA KAR:INIL NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF TPE:2002 BUE:TXAR SZSE:000708 SHSE:600010 JSE:KIO
Traded in Other Exchanges
N/A
Address
9th Floor, Sidco Avenue Centre, 264 R.A. Lines, Karachi, SD, PAK, 74200
Website
https://www.crescent.com.pk
Crescent Steel & Allied Products Ltd has diversified businesses. The company's operating segment includes Steel; Cotton; Investment and Infrastructure Development (IID), Energy and Hadeed(Steel Billet) Divison. The steel segment comprises of manufacturing and coating of steel pipes which generates maximum revenue. Geographically, it derives a majority of revenue from Pakistan.

Crescent Steel & Allied Products (KAR:CSAP) Headlines

No Headlines