Apollo Tyres (NSE:APOLLOTYRE) Interest Expense : ₹-5,155 Mil (TTM As of Dec. 2023)

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What is Apollo Tyres Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apollo Tyres's interest expense for the three months ended in Dec. 2023 was ₹ -1,230 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-5,155 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. Apollo Tyres's Operating Income for the three months ended in Dec. 2023 was ₹ 8,405 Mil. Apollo Tyres's Interest Expense for the three months ended in Dec. 2023 was ₹ -1,230 Mil. Apollo Tyres's Interest Coverage for the quarter that ended in Dec. 2023 was 6.83. 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.

Apollo Tyres Interest Expense Historical Data

The historical data trend for Apollo Tyres'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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Apollo Tyres Interest Expense Chart

Apollo Tyres Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1,792.18

-2,756.88

-4,377.76

-4,268.65

-5,164.04

Apollo Tyres 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															-1,419.59	-1,241.99	-1,354.64	-1,327.97	-1,230.40

Apollo Tyres 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 ₹-5,155 Mil.

Apollo Tyres (NSE:APOLLOTYRE) 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.

Apollo Tyres's Interest Expense for the three months ended in Dec. 2023 was ₹-1,230 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹8,405 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Apollo Tyres's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	8404.82	/	-1230.4
	=	6.83

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

Apollo Tyres (NSE:APOLLOTYRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Apollo Tyres Ltd (NSE:APOLLOTYRE) » Definitions » Interest Expense

Traded in Other Exchanges

500877:India

Address

Apollo House, 7 Institutional Area, Sector 32, Gurugram, HR, IND, 122001

Website

https://www.apollotyres.com

Apollo Tyres Ltd manufactures and sells tires. The company's geographical segments are the Asia Pacific, the Middle East, Africa, Europe, and Others. The firm's two key brands are Apollo and Vredestein. The product portfolio comprises tires for Passenger, Commercial, Off-highway vehicles, and Two-wheelers.

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