Ambika Cotton Mills (BOM:531978) Interest Expense : ₹-191 Mil (TTM As of Mar. 2024)

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What is Ambika Cotton Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ambika Cotton Mills's interest expense for the three months ended in Mar. 2024 was ₹ -51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-191 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. Ambika Cotton Mills's Operating Income for the three months ended in Mar. 2024 was ₹ 231 Mil. Ambika Cotton Mills's Interest Expense for the three months ended in Mar. 2024 was ₹ -51 Mil. Ambika Cotton Mills's Interest Coverage for the quarter that ended in Mar. 2024 was 4.51. 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.

Ambika Cotton Mills Interest Expense Historical Data

The historical data trend for Ambika Cotton Mills'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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Ambika Cotton Mills Interest Expense Chart

Ambika Cotton Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-93.08

-57.84

-11.98

-64.00

-190.70

Ambika Cotton Mills Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-30.10	-25.10	-53.00	-61.30	-51.30

Ambika Cotton Mills 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-191 Mil.

Ambika Cotton Mills (BOM:531978) 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.

Ambika Cotton Mills's Interest Expense for the three months ended in Mar. 2024 was ₹-51 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹231 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

Ambika Cotton Mills's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	231.4	/	-51.3
	=	4.51

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

Ambika Cotton Mills (BOM:531978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ambika Cotton Mills Ltd (BOM:531978) » Definitions » Interest Expense

Traded in Other Exchanges

AMBIKCO:India

Address

No. 9A, 15, Valluvar Street, Sivanandha Colony, Coimbatore, TN, IND, 641012

Website

http://www.acmills.in

Ambika Cotton Mills Ltd engages in the manufacture of cotton yarns for hosiery and weaving. The Textiles produces compact cotton; hard and soft twist; cylindrical dye cone; and s and z twist yarns. The Windmills generate power from windmills. Geographically, the company's business is spread across the world including Asia which accounts for the majority of its revenues.

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