Advanced Enzyme Technologies (BOM:540025) Interest Expense : ₹-27 Mil (TTM As of Dec. 2023)

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What is Advanced Enzyme Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Advanced Enzyme Technologies's interest expense for the three months ended in Dec. 2023 was ₹ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-27 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. Advanced Enzyme Technologies's Operating Income for the three months ended in Dec. 2023 was ₹ 452 Mil. Advanced Enzyme Technologies's Interest Expense for the three months ended in Dec. 2023 was ₹ -7 Mil. Advanced Enzyme Technologies's Interest Coverage for the quarter that ended in Dec. 2023 was 66.80. 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.

Advanced Enzyme Technologies Interest Expense Historical Data

The historical data trend for Advanced Enzyme Technologies'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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Advanced Enzyme Technologies Interest Expense Chart

Advanced Enzyme Technologies Annual Data

Trend

Mar14

Mar15

Mar16

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Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-38.60

-25.82

-16.09

-17.96

-24.21

Advanced Enzyme Technologies 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															-6.23	-6.12	-6.49	-7.53	-6.76

Advanced Enzyme Technologies 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 ₹-27 Mil.

Advanced Enzyme Technologies (BOM:540025) 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.

Advanced Enzyme Technologies's Interest Expense for the three months ended in Dec. 2023 was ₹-7 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹452 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Advanced Enzyme Technologies's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	451.57	/	-6.76
	=	66.80

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Advanced Enzyme Technologies Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Advanced Enzyme Technologies (BOM:540025) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advanced Enzyme Technologies Ltd (BOM:540025) » Definitions » Interest Expense

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ADVENZYMES:India

Address

Near LIC Service Road, Sun Magnetica, A Wing, 5th Floor, Louiswadi, Thane (West), Thane, MH, IND, 400604

Website

https://www.advancedenzymes.com

Advanced Enzyme Technologies Ltd is an Indian company engaged in research activities to manufacture and sell enzymes. The Company operates only in one business segment viz. manufacturing and sales of enzymes. The company offers enzymes for human healthcare and nutrition, animal nutrition, food processing, and non-food processing. Some of the products offered by the company are serratiopeptidase, fungal lipase, papain, hemicellulose, and digegrain, among others. Geographically, the entity operates in India, Europe, the USA, Asia, and other countries, of which a majority of the revenue is derived from India.

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