Shree Ajit Pulp And Paper (BOM:538795) Interest Expense : ₹-185 Mil (TTM As of Dec. 2024)

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What is Shree Ajit Pulp And Paper Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shree Ajit Pulp And Paper's interest expense for the three months ended in Dec. 2024 was ₹ -58 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-185 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. Shree Ajit Pulp And Paper's Operating Income for the three months ended in Dec. 2024 was ₹ 83 Mil. Shree Ajit Pulp And Paper's Interest Expense for the three months ended in Dec. 2024 was ₹ -58 Mil. Shree Ajit Pulp And Paper's Interest Coverage for the quarter that ended in Dec. 2024 was 1.43. 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.

Shree Ajit Pulp And Paper Interest Expense Historical Data

The historical data trend for Shree Ajit Pulp And Paper'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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Shree Ajit Pulp And Paper Interest Expense Chart

Shree Ajit Pulp And Paper Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-35.45

-28.47

-28.51

-32.54

-62.84

Shree Ajit Pulp And Paper 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															-9.76	-34.93	-45.88	-45.89	-57.95

Shree Ajit Pulp And Paper 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 ₹-185 Mil.

Shree Ajit Pulp And Paper (BOM:538795) 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.

Shree Ajit Pulp And Paper's Interest Expense for the three months ended in Dec. 2024 was ₹-58 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹83 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Shree Ajit Pulp And Paper'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	*	82.683	/	-57.953
	=	1.43

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. Shree Ajit Pulp And Paper Ltd interest coverage is 1.29, which is low.

Shree Ajit Pulp And Paper Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shree Ajit Pulp And Paper Ltd (BOM:538795) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Survey No 239, Village Salvav, 106,107,108P & 105P, Near Morai Railway Crossing, District Valsad, Vapi, GJ, IND, 396191

Website

https://www.shreeajit.com

Shree Ajit Pulp And Paper Ltd is engaged in the manufacturing of Kraft Paper (Testliner/Multilayer Testliner) which is mainly used for manufacturing of corrugated boxes. The company operates through a single operating segment which is the manufacturing of kraft paper (Testliner and Multilayer Testliner). The product includes multilayer test liner and test liner paper and is available in two shades which are natural and golden yellow. The kraft papers of the company are mainly used for making corrugated boxes, duplex cartons, and packaging material.

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