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Honda Atlas Cars Pakistan (KAR:HCAR) Interest Expense : ₨-1,026 Mil (TTM As of Jun. 2024)


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What is Honda Atlas Cars Pakistan Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Honda Atlas Cars Pakistan's interest expense for the three months ended in Jun. 2024 was ₨ -287 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₨-1,026 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. Honda Atlas Cars Pakistan's Operating Income for the three months ended in Jun. 2024 was ₨ 327 Mil. Honda Atlas Cars Pakistan's Interest Expense for the three months ended in Jun. 2024 was ₨ -287 Mil. Honda Atlas Cars Pakistan's Interest Coverage for the quarter that ended in Jun. 2024 was 1.14. 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.

Honda Atlas Cars Pakistan Interest Expense Historical Data

The historical data trend for Honda Atlas Cars Pakistan'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.

* Premium members only.

Honda Atlas Cars Pakistan Interest Expense Chart

Honda Atlas Cars Pakistan Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -694.65 -74.87 -15.79 -59.11 -782.95

Honda Atlas Cars Pakistan Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -43.68 -120.17 -443.27 -175.84 -287.09

Honda Atlas Cars Pakistan 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₨-1,026 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.

Honda Atlas Cars Pakistan  (KAR:HCAR) 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.

Honda Atlas Cars Pakistan's Interest Expense for the three months ended in Jun. 2024 was ₨-287 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₨327 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₨2,545 Mil.

Honda Atlas Cars Pakistan's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*326.632/-287.085
=1.14

* 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.

Honda Atlas Cars Pakistan Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Honda Atlas Cars Pakistan Ltd (KAR:HCAR) » Definitions » Interest Expense
Comparable Companies
KAR:PSMC KAR:ATLH KAR:GHNI KAR:INDU TSLA TSE:7203 SZSE:002594 XTER:MBG XTER:BMW STLA XTER:VOW3 MIL:RACE TSE:7267 F NSE:MARUTI GM LI XKRX:005380 HKSE:02333 NSE:TATAMOTORS
Traded in Other Exchanges
N/A
Address
1-Mcleod Road, Lahore, PB, PAK
Website
https://www.honda.com.pk
Honda Atlas Cars Pakistan Ltd is engaged in assembling and progressive manufacturing and sale of Honda vehicles and spare parts. Its Segments include the Manufacturing and Trading segment. Manufacturing segment relates to the sale of locally manufactured cars and parts and Trading segment relates to the trading of completely built units (CBUs) and parts. It offers car models, such as Honda Accord, Honda CR-V, Honda CR-Z, Honda HR-V, and Honda City in various colors with advance technology features. Honda derives the majority of revenue through the Manufacturing segment.