Alpex Solar (NSE:ALPEXSOLAR) Interest Expense : ₹-29 Mil (TTM As of Sep. 2023)

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What is Alpex Solar Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Alpex Solar's interest expense for the six months ended in Sep. 2023 was ₹ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-29 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. Alpex Solar's Operating Income for the six months ended in Sep. 2023 was ₹ 147 Mil. Alpex Solar's Interest Expense for the six months ended in Sep. 2023 was ₹ -29 Mil. Alpex Solar's Interest Coverage for the quarter that ended in Sep. 2023 was 5.07. 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.

Alpex Solar Interest Expense Historical Data

The historical data trend for Alpex Solar'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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Alpex Solar Interest Expense Chart

Alpex Solar Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-31.18

-32.17

-36.46

Alpex Solar Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23
Interest Expense	-	-	-	-29.07

Alpex Solar 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 ₹-29 Mil.

Alpex Solar (NSE:ALPEXSOLAR) 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.

Alpex Solar's Interest Expense for the six months ended in Sep. 2023 was ₹-29 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹147 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹25 Mil.

Alpex Solar'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	*	147.401	/	-29.066
	=	5.07

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

Alpex Solar Business Description

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Alpex Solar Ltd is a solar photovoltaic (PV) module manufacturer in India. Its PV modules are manufactured using both monocrystalline and polycrystalline cell technologies. Company portfolio of solar energy products consists of bifacial, mono perc, Halfcut solar PV modules and also provide integrated solar energy solutions, including engineering, procurement, construction (EPC) of AC/DC Solar Pumps in both Surface and Submersible categories.

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