Amrutanjan Health Care (NSE:AMRUTANJAN) Interest Expense : ₹-2 Mil (TTM As of Mar. 2024)

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What is Amrutanjan Health Care Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Amrutanjan Health Care's interest expense for the three months ended in Mar. 2024 was ₹ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2 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. Amrutanjan Health Care's Operating Income for the three months ended in Mar. 2024 was ₹ 147 Mil. Amrutanjan Health Care's Interest Expense for the three months ended in Mar. 2024 was ₹ -0 Mil. Amrutanjan Health Care's Interest Coverage for the quarter that ended in Mar. 2024 was 300.67. 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.

Amrutanjan Health Care Interest Expense Historical Data

The historical data trend for Amrutanjan Health Care'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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Amrutanjan Health Care Interest Expense Chart

Amrutanjan Health Care Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-2.21

-5.00

-4.85

-0.77

-1.57

Amrutanjan Health Care 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															-0.17	-0.24	-0.30	-0.54	-0.49

Amrutanjan Health Care 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 ₹-2 Mil.

Amrutanjan Health Care (NSE:AMRUTANJAN) 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.

Amrutanjan Health Care's Interest Expense for the three months ended in Mar. 2024 was ₹-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹147 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹14 Mil.

Amrutanjan Health Care'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	*	147.028	/	-0.489
	=	300.67

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. Amrutanjan Health Care Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Amrutanjan Health Care (NSE:AMRUTANJAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Amrutanjan Health Care Ltd (NSE:AMRUTANJAN) » Definitions » Interest Expense

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590006:India

Address

No. 103 (Old No. 42-45), Luz Church Road, Mylapore, Chennai, TN, IND, 600 004

Website

https://www.amrutanjan.com

Amrutanjan Health Care Ltd manufactures Ayurvedic and allopathic products. The company operates through the following segments: OTC Products, Beverages, and Others. The majority of the revenue is generated from its OTC segment which is engaged in the manufacturing products of pain management, congestion management, and hygiene. Its beverage segment includes manufacturing fruit juices and oral rehydration drinks. Some of its products include Roll-on, Spray, Balm, Cough Syrup, Sanitary napkin, and inhaler. Geographically, it generates the majority of the revenue from India.

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