Axel Polymers (BOM:513642) Interest Expense : ₹-24 Mil (TTM As of Sep. 2024)

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What is Axel Polymers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Axel Polymers's interest expense for the three months ended in Sep. 2024 was ₹ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-24 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. Axel Polymers's Operating Income for the three months ended in Sep. 2024 was ₹ 0 Mil. Axel Polymers's Interest Expense for the three months ended in Sep. 2024 was ₹ -9 Mil. Axel Polymers's Interest Coverage for the quarter that ended in Sep. 2024 was 0.04. 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.

Axel Polymers Interest Expense Historical Data

The historical data trend for Axel Polymers'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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Axel Polymers Interest Expense Chart

Axel Polymers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-7.76

-31.13

-26.83

-28.18

-24.02

Axel Polymers 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															-7.78	-6.70	-1.54	-7.53	-8.52

Axel Polymers 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 ₹-24 Mil.

Axel Polymers (BOM:513642) 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.

Axel Polymers's Interest Expense for the three months ended in Sep. 2024 was ₹-9 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹66 Mil.

Axel Polymers'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	*	0.319	/	-8.515
	=	0.04

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

Axel Polymers Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Axel Polymers Ltd (BOM:513642) » Definitions » Interest Expense

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Address

Off Western Express Highway, B-312, Western Edge II, Borivali East, Mumbai, MH, IND, 400066

Website

https://www.axelindia.com

Axel Polymers Ltd engages in the manufacture of compounds, blends, alloys of engineering polymers, and specialty and commodity polymers. Geographically all business activities function in India. It is the manufacturer of Engineering Thermoplastic Compounds in India, catering to Multinationals and Domestic Corporates.

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