Alkyl Amines Chemicals (BOM:506767) Interest Expense : ₹-33 Mil (TTM As of Jun. 2024)

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What is Alkyl Amines Chemicals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alkyl Amines Chemicals's interest expense for the three months ended in Jun. 2024 was ₹ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-33 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. Alkyl Amines Chemicals's Operating Income for the three months ended in Jun. 2024 was ₹ 614 Mil. Alkyl Amines Chemicals's Interest Expense for the three months ended in Jun. 2024 was ₹ -2 Mil. Alkyl Amines Chemicals's Interest Coverage for the quarter that ended in Jun. 2024 was 292.38. 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.

Alkyl Amines Chemicals Interest Expense Historical Data

The historical data trend for Alkyl Amines Chemicals'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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Alkyl Amines Chemicals Interest Expense Chart

Alkyl Amines Chemicals Annual Data

Trend

Mar15

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Mar23

Mar24

Interest Expense

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-88.66

-47.66

-25.27

-27.30

-39.74

Alkyl Amines Chemicals Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-8.90	-16.70	-11.20	-2.94	-2.10

Alkyl Amines Chemicals 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-33 Mil.

Alkyl Amines Chemicals (BOM:506767) 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.

Alkyl Amines Chemicals's Interest Expense for the three months ended in Jun. 2024 was ₹-2 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹614 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0 Mil.

Alkyl Amines Chemicals's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	614	/	-2.1
	=	292.38

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. Alkyl Amines Chemicals Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Alkyl Amines Chemicals Business Description

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ALKYLAMINE:India

Address

132, Dr. Annie Besant Road, 207A, Kakad Chambers, Worli, Mumbai, MH, IND, 400 018

Website

https://www.alkylamines.com

Alkyl Amines Chemicals Ltd supplies amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical, and water treatment industries. Its products include Aliphatic Amines, Amine Derivatives, and Fine Chemicals. It also provides contract services consisting of technology and product development, and scale-up services, as well as custom manufacturing support services. The company serves industries, such as pharmaceuticals, agrochemicals, water treatment chemicals, foundry chemicals, rubber chemicals. Geographically, it derives a majority of its revenue from Within India.

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