Asit C Mehta Financial Services (BOM:530723) Interest Expense : ₹-121.5 Mil (TTM As of Dec. 2023)

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What is Asit C Mehta Financial Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Asit C Mehta Financial Services's interest expense for the three months ended in Dec. 2023 was ₹ -37.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-121.5 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. Asit C Mehta Financial Services's Operating Income for the three months ended in Dec. 2023 was ₹ -16.9 Mil. Asit C Mehta Financial Services's Interest Expense for the three months ended in Dec. 2023 was ₹ -37.9 Mil. Asit C Mehta Financial Services did not have earnings to cover the interest expense. 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.

Asit C Mehta Financial Services Interest Expense Historical Data

The historical data trend for Asit C Mehta Financial Services'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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Asit C Mehta Financial Services Interest Expense Chart

Asit C Mehta Financial Services Annual Data

Trend

Mar14

Mar15

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Mar20

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Mar23

Interest Expense

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-67.53

-76.97

-66.61

-75.36

-99.86

Asit C Mehta Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-25.61	-26.79	-27.49	-29.32	-37.89

Asit C Mehta Financial Services 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-121.5 Mil.

Asit C Mehta Financial Services (BOM:530723) 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.

Asit C Mehta Financial Services's Interest Expense for the three months ended in Dec. 2023 was ₹-37.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹-16.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

Asit C Mehta Financial Services's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Asit C Mehta Financial Services did not have earnings to cover the interest expense.

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

Asit C Mehta Financial Services (BOM:530723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Asit C Mehta Financial Services Ltd (BOM:530723) » Definitions » Interest Expense

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Address

Saki Vihar Road, Pantomath Nucleus House, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.acmfsl.com

Asit C Mehta Financial Services Ltd is engaged in the business of Renting immovable properties, The Company also invests in Start-ups and other Businesses. It operates in various 'Business segments' which are Investment Activities, Advisory & Consultancy Services, Information Technology Enabled Services (IT), and Stock Broking & Allied Services. The company generates maximum revenue from the Stock Broking and Allied Services segment. Geographically, it operates in the domestic market.

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