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Australian Premium Solar (India) (NSE:APS) Interest Expense : ₹ Mil (TTM As of Mar. 2023)


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What is Australian Premium Solar (India) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Australian Premium Solar (India)'s interest expense for the six months ended in Mar. 2023 was ₹ -2.8 Mil. Australian Premium Solar (India) does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2023.

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. Australian Premium Solar (India)'s Operating Income for the six months ended in Mar. 2023 was ₹ 50.1 Mil. Australian Premium Solar (India)'s Interest Expense for the six months ended in Mar. 2023 was ₹ -2.8 Mil. Australian Premium Solar (India)'s Interest Coverage for the quarter that ended in Mar. 2023 was 18.09. 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.

Australian Premium Solar (India) Interest Expense Historical Data

The historical data trend for Australian Premium Solar (India)'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.

Australian Premium Solar (India) Interest Expense Chart

Australian Premium Solar (India) Annual Data
Trend Mar21 Mar22 Mar23
Interest Expense
-2.19 -2.48 -2.77

Australian Premium Solar (India) Semi-Annual Data
Mar21 Mar22 Mar23
Interest Expense -2.19 -2.48 -2.77

Australian Premium Solar (India) Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Australian Premium Solar (India)  (NSE:APS) 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.

Australian Premium Solar (India)'s Interest Expense for the six months ended in Mar. 2023 was ₹-2.8 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹50.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹11.0 Mil.

Australian Premium Solar (India)'s Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2023 )/Interest Expense (Q: Mar. 2023 )
=-1*50.056/-2.767
=18.09

* 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.

Australian Premium Solar (India) (NSE:APS) Business Description

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Australian Premium Solar (India) Ltd is engaged in the manufacturing of Solar Panels and EPC Services of solar systems. It manufactures two types of solar panels: (i) Monocrystalline Solar Panel; and (ii) Polycrystalline Solar Panel. It also provide installation services for solar panels and solar pumps. Majority of the revenue is generated from manufacturing of solar panels.

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