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Aban Offshore (BOM:523204) Interest Expense : ₹-10,733 Mil (TTM As of Dec. 2024)


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What is Aban Offshore Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aban Offshore's interest expense for the three months ended in Dec. 2024 was ₹ -2,794 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-10,733 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. Aban Offshore's Operating Income for the three months ended in Dec. 2024 was ₹ 257 Mil. Aban Offshore's Interest Expense for the three months ended in Dec. 2024 was ₹ -2,794 Mil. Aban Offshore's Interest Coverage for the quarter that ended in Dec. 2024 was 0.09. 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.


Aban Offshore Interest Expense Historical Data

The historical data trend for Aban Offshore'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.

Aban Offshore Interest Expense Chart

Aban Offshore Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11,633.72 -10,719.96 -10,629.14 -10,758.57 -10,583.57

Aban Offshore Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2,741.45 -2,433.32 -2,732.24 -2,772.95 -2,794.24

Aban Offshore 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-10,733 Mil.

* 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.


Aban Offshore  (BOM:523204) 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.

Aban Offshore's Interest Expense for the three months ended in Dec. 2024 was ₹-2,794 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹257 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Aban Offshore's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*256.94/-2794.24
=0.09

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Aban Offshore Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Aban Offshore Business Description

Traded in Other Exchanges
Address
113 Pantheon Road, Janpriya Crest, Egmore, Chennai, TN, IND, 600 008
Aban Offshore Ltd is an Indian company engaged in the business of providing offshore drilling and production services to companies engaged in the exploration, development, and production of oil and gas both in domestic and international markets. It generates maximum revenue from drilling services. It serves Southeast Asia, South Asia, Latin America, West Africa, and the Middle East.

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