Lanka Ashok Leyland (COL:ASHO.N0000) Interest Expense : රු-10 Mil (TTM As of Mar. 2024)

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What is Lanka Ashok Leyland Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lanka Ashok Leyland's interest expense for the three months ended in Mar. 2024 was රු -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was රු-10 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. Lanka Ashok Leyland's Operating Income for the three months ended in Mar. 2024 was රු 174 Mil. Lanka Ashok Leyland's Interest Expense for the three months ended in Mar. 2024 was රු -2 Mil. Lanka Ashok Leyland's Interest Coverage for the quarter that ended in Mar. 2024 was 106.25. 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.

Lanka Ashok Leyland Interest Expense Historical Data

The historical data trend for Lanka Ashok Leyland'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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Lanka Ashok Leyland Interest Expense Chart

Lanka Ashok Leyland Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-267.37

-177.60

-24.02

-25.23

-10.37

Lanka Ashok Leyland Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-3.23	-3.47	-2.73	-2.56	-1.63

Lanka Ashok Leyland 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 quarterly data reported by the company within the most recent 12 months, which was රු-10 Mil.

Lanka Ashok Leyland (COL:ASHO.N0000) 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.

Lanka Ashok Leyland's Interest Expense for the three months ended in Mar. 2024 was රු-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was රු174 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was රු11 Mil.

Lanka Ashok Leyland's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	173.614	/	-1.634
	=	106.25

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. Lanka Ashok Leyland PLC has enough cash to cover all of its debt. Its financial situation is stable.

Lanka Ashok Leyland (COL:ASHO.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Lanka Ashok Leyland PLC (COL:ASHO.N0000) » Definitions » Interest Expense

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Address

Panagoda, Homagama, Colombo, LKA

Website

https://www.lal.lk

Lanka Ashok Leyland PLC is engaged in importing and marketing of Ashok Leyland buses, trucks, truck chassis, spare parts, power generators, and accessories. The company also carries out repairs and restoration of commercial vehicles including body fabrication on goods and passenger chassis. The firm builds the truck body for specific requirements and the building of driver's cabins. Besides, the firm assembles and manufactures Ashok Leyland vehicles with technical assistance from Ashok Leyland. The company solely operates in Sri Lanka.

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