Advanced Information Technology PCL (BKK:AIT) Interest Expense : ฿-1 Mil (TTM As of Mar. 2024)

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What is Advanced Information Technology PCL Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advanced Information Technology PCL's interest expense for the three months ended in Mar. 2024 was ฿ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ฿-1 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. Advanced Information Technology PCL's Operating Income for the three months ended in Mar. 2024 was ฿ 136 Mil. Advanced Information Technology PCL's Interest Expense for the three months ended in Mar. 2024 was ฿ -0 Mil. Advanced Information Technology PCL's Interest Coverage for the quarter that ended in Mar. 2024 was 524.26. 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.

Advanced Information Technology PCL Interest Expense Historical Data

The historical data trend for Advanced Information Technology PCL'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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Advanced Information Technology PCL Interest Expense Chart

Advanced Information Technology PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-8.94

-21.12

-11.55

-2.79

-1.63

Advanced Information Technology PCL 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															-0.51	-0.45	-0.36	-0.30	-0.26

Advanced Information Technology PCL 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 ฿-1 Mil.

Advanced Information Technology PCL (BKK:AIT) 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.

Advanced Information Technology PCL's Interest Expense for the three months ended in Mar. 2024 was ฿-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ฿136 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ฿4 Mil.

Advanced Information Technology PCL'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	*	136.307	/	-0.26
	=	524.26

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Advanced Information Technology PCL has enough cash to cover all of its debt. Its financial situation is stable.

Advanced Information Technology PCL (BKK:AIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Advanced Information Technology PCL (BKK:AIT) » Definitions » Interest Expense

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Address

37/2 Suthisarnvinijchai Road, Samsaennok, Huaykwang, Bangkok, THA, 10320

Website

https://www.ait.co.th

Advanced Information Technology PCL is engaged in the sale, design, installation, service, ongoing repair and maintenance, training, lump-sum turnkey for information and communication technology network systems, and the renting of computers and electronic equipment. The company operates in two business segments: Sales and Service and revenue from construction contracts; and Rental of Equipment. The majority of its revenue comes from Sale and Service and Revenue from the construction contracts segment. The company offers its services only to the Thailand region.