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Akme Fintrade (India) (BOM:544200) Interest Expense : ₹0.0 Mil (TTM As of Dec. 2024)


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What is Akme Fintrade (India) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Akme Fintrade (India)'s interest expense for the three months ended in Dec. 2024 was ₹ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹0.0 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. Akme Fintrade (India)'s Operating Income for the three months ended in Dec. 2024 was ₹ 125.5 Mil. Akme Fintrade (India)'s Interest Expense for the three months ended in Dec. 2024 was ₹ 0.0 Mil. Akme Fintrade (India) 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.

Akme Fintrade (India) Interest Expense Historical Data

The historical data trend for Akme Fintrade (India)'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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Akme Fintrade (India) Interest Expense Chart

Akme Fintrade (India) Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Interest Expense
-0.82 -2.20 -2.13 -3.99

Akme Fintrade (India) Quarterly Data
Mar20 Mar21 Mar22 Sep22 Mar23 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Akme Fintrade (India) 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 ₹0.0 Mil.

* 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.

Akme Fintrade (India)  (BOM:544200) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Akme Fintrade (India)'s Interest Expense for the three months ended in Dec. 2024 was ₹0.0 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹125.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0.0 Mil.

Akme Fintrade (India)'s Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Akme Fintrade (India) had no long-term debt (1).

* 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.

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

Akme Fintrade (India) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Akme Fintrade (India) Ltd (BOM:544200) » Definitions » Interest Expense
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BOM:511066 BOM:530579 BOM:538882 BOM:512381 BOM:505850 BOM:540360 BOM:535667 BOM:538476 BOM:512399 BOM:511766 V MA AXP COF BOM:500034 PYPL DFS BOM:543257 SYF BOM:532810
Traded in Other Exchanges
AFIL:India
Address
608, The Summit - Business Bay, behind Guru Nank Petrol Pump, Opposite Cinemax, Prakashwadi Andheri East, Mumbai, MH, IND, 400069
Website
Akme Fintrade (India) Ltd is a non-banking finance company. It is engaged in rural and semi-urban centric lending solutions to look after the needs and aspirations of rural and semi-urban populace. The company's portfolio includes Vehicle Finance and Business Finance Products to small business owners and has footprints in rural and semi-urban geographies in 4 Indian states Rajasthan, Maharashtra, Madhya Pradesh and Gujarat.

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