Afloat Enterprises (BOM:543377) Interest Expense : ₹0.00 Mil (TTM As of Mar. 2024)

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What is Afloat Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Afloat Enterprises's interest expense for the six months ended in Mar. 2024 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹0.00 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. Afloat Enterprises's Operating Income for the six months ended in Mar. 2024 was ₹ -3.01 Mil. Afloat Enterprises's Interest Expense for the six months ended in Mar. 2024 was ₹ 0.00 Mil. Afloat Enterprises has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Afloat Enterprises Interest Expense Historical Data

The historical data trend for Afloat Enterprises'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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Afloat Enterprises Interest Expense Chart

Afloat Enterprises Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.01

-1.53

-3.16

Afloat Enterprises Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial				-0.72	-	-	-	-

Afloat Enterprises 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 semi-annually data reported by the company within the most recent 12 months, which was ₹0.00 Mil.

Afloat Enterprises (BOM:543377) 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.

Afloat Enterprises's Interest Expense for the six months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹-3.01 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹0.00 Mil.

Afloat Enterprises's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Afloat Enterprises had no long-term debt ⁽¹⁾.

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

Good Sign:

Afloat Enterprises Ltd has no debt.

Afloat Enterprises (BOM:543377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Afloat Enterprises Ltd (BOM:543377) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aggarwal Plaza, Plot 3, Shop 325, DDA Community Centre, Sector-14, Rohini, New Delhi, IND, 110085

Website

https://www.adishaktiloha.com

Afloat Enterprises Ltd is engaged in the business of trading metals with its core focus on trading in Iron and Steel.

Afloat Enterprises (BOM:543377) Headlines

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