Adani Ports & Special Economic Zone (BOM:532921) Interest Expense : ₹-26,608 Mil (TTM As of Jun. 2024)

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What is Adani Ports & Special Economic Zone Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adani Ports & Special Economic Zone's interest expense for the three months ended in Jun. 2024 was ₹ -6,554 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-26,608 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. Adani Ports & Special Economic Zone's Operating Income for the three months ended in Jun. 2024 was ₹ 32,326 Mil. Adani Ports & Special Economic Zone's Interest Expense for the three months ended in Jun. 2024 was ₹ -6,554 Mil. Adani Ports & Special Economic Zone's Interest Coverage for the quarter that ended in Jun. 2024 was 4.93. 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.

Adani Ports & Special Economic Zone Interest Expense Historical Data

The historical data trend for Adani Ports & Special Economic Zone'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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Adani Ports & Special Economic Zone Interest Expense Chart

Adani Ports & Special Economic Zone Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-19,089.80

-20,534.20

-25,299.00

-25,570.60

-27,115.10

Adani Ports & Special Economic Zone 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															-7,061.40	-7,153.00	-6,864.00	-6,036.70	-6,554.00

Adani Ports & Special Economic Zone 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 ₹-26,608 Mil.

Adani Ports & Special Economic Zone (BOM:532921) 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.

Adani Ports & Special Economic Zone's Interest Expense for the three months ended in Jun. 2024 was ₹-6,554 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹32,326 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0 Mil.

Adani Ports & Special Economic Zone'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	*	32326.1	/	-6554
	=	4.93

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

Adani Ports & Special Economic Zone Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Adani Ports & Special Economic Zone Ltd (BOM:532921) » Definitions » Interest Expense

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ADANIPORTS:India

Address

Near Vaishno Devi Circle, S. G. Highway, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421

Website

https://www.adaniports.com

Adani Ports & Special Economic Zone Ltd is a port infrastructure company domiciled in India. The company owns, operates, develops, and maintains port terminals and port infrastructure in India, including operating and developing infrastructure at the Special Economic Zone in Mundra. Adani Ports & Special Economic Zone also owns and operates a private railway to transport container cargo, and provides storage, handling, and other logistics services. It has one business segment, namely developing, operating and maintaining the ports services, ports-related Infrastructure development activities and development of infrastructure at contiguous Special Economic Zone at Mundra. The company generates the vast majority of revenue domestically.

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