Jainex Aamcol (BOM:505212) Interest Expense : ₹-3.6 Mil (TTM As of Sep. 2024)

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What is Jainex Aamcol Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Jainex Aamcol's interest expense for the three months ended in Sep. 2024 was ₹ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-3.6 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. Jainex Aamcol's Operating Income for the three months ended in Sep. 2024 was ₹ 1.8 Mil. Jainex Aamcol's Interest Expense for the three months ended in Sep. 2024 was ₹ -1.0 Mil. Jainex Aamcol's Interest Coverage for the quarter that ended in Sep. 2024 was 1.86. 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.

Jainex Aamcol Interest Expense Historical Data

The historical data trend for Jainex Aamcol'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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Jainex Aamcol Interest Expense Chart

Jainex Aamcol Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-4.83

-4.04

-4.93

-4.08

-3.95

Jainex Aamcol Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.07	-1.24	-0.51	-0.92	-0.95

Jainex Aamcol 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-3.6 Mil.

Jainex Aamcol (BOM:505212) 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.

Jainex Aamcol's Interest Expense for the three months ended in Sep. 2024 was ₹-1.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹1.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹38.1 Mil.

Jainex Aamcol's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	1.772	/	-0.952
	=	1.86

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

Jainex Aamcol Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jainex Aamcol Ltd (BOM:505212) » Definitions » Interest Expense

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Address

405/406, Sharda Chambers, New Marine Lines, Mumbai, MH, IND, 400 020

Website

https://www.jainexaamcol.com

Jainex Aamcol Ltd is a manufacturer of gear hobs, special cutting tools, inspection tools, and precision accessories. The operating segments of the company are Gear Cutting that is gear hobs, which constitute the key revenue driver; Milling Cutters; and Spline Gauges. It sells its products under the Aamcol brand. The company caters to a wide range of customers such as automobile industries, industrial and special gearbox manufacturers, machine tool manufacturers and many others.

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