Ashoka Metcast (BOM:540923) Interest Expense : ₹-7.3 Mil (TTM As of Sep. 2023)

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What is Ashoka Metcast Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ashoka Metcast's interest expense for the six months ended in Sep. 2023 was ₹ -4.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-7.3 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. Ashoka Metcast's Operating Income for the six months ended in Sep. 2023 was ₹ 12.8 Mil. Ashoka Metcast's Interest Expense for the six months ended in Sep. 2023 was ₹ -4.0 Mil. Ashoka Metcast's Interest Coverage for the quarter that ended in Sep. 2023 was 3.19. 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.

Ashoka Metcast Interest Expense Historical Data

The historical data trend for Ashoka Metcast'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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Ashoka Metcast Interest Expense Chart

Ashoka Metcast Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.01

-2.96

-9.36

-11.13

-6.97

Ashoka Metcast Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial												-6.22	-4.91	-3.62	-3.35	-4.00

Ashoka Metcast 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-7.3 Mil.

Ashoka Metcast (BOM:540923) 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.

Ashoka Metcast's Interest Expense for the six months ended in Sep. 2023 was ₹-4.0 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹12.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹35.1 Mil.

Ashoka Metcast's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	12.777	/	-4.001
	=	3.19

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

Ashoka Metcast (BOM:540923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ashoka Metcast Ltd (BOM:540923) » Definitions » Interest Expense

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ASHOKAMET:India

Address

Mithakhali Six Roads, 7th Floor, Ashoka Chambers, Opposite HCG Hospital, Mithakhali, Ahmedabad, GJ, IND, 380006

Website

http://www.ashokametcast.in

Ashoka Metcast Ltd is currently engaged in the trading of structural steel and goods. The company has two segments namely Steel Trading and Trading of Goods. The company products are Thermo-Mechanically Treated bars, Angle bars, Mild steel bars, and Steel channels.

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