Apar Industries (NSE:APARINDS) Interest Expense : ₹-3,170 Mil (TTM As of Mar. 2024)

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What is Apar Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apar Industries's interest expense for the three months ended in Mar. 2024 was ₹ -1,011 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-3,170 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. Apar Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 3,899 Mil. Apar Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -1,011 Mil. Apar Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 3.86. 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.

Apar Industries Interest Expense Historical Data

The historical data trend for Apar Industries'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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Apar Industries Interest Expense Chart

Apar Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1,567.20

-615.90

-671.00

-3,055.00

-3,865.80

Apar Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-939.60	-790.90	-1,030.80	-1,128.20	-1,010.80

Apar Industries 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 ₹-3,170 Mil.

Apar Industries (NSE:APARINDS) 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.

Apar Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-1,011 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹3,899 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹3,946 Mil.

Apar Industries'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	*	3898.8	/	-1010.8
	=	3.86

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

Apar Industries (NSE:APARINDS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Apar Industries Ltd (NSE:APARINDS) » Definitions » Interest Expense

Traded in Other Exchanges

532259:India

Address

Sion - Trombay Road, Apar House, Building No. 4 and 5, Corporate Park, Chembur, Mumbai, MH, IND, 400 071

Website

https://www.apar.com

Apar Industries Ltd is engaged in the business of manufacture and sale of conductors. The company's reportable segments include Conductor, Transformer and Specialities Oils and Power/Telecom Cables. It generates maximum revenue from the Conductor segment. Geographically, it derives a majority of revenue from India. Its product categories include oils and lubricants, aluminium and alloy conductors, railway overhead conductors, electrical and telecom cables, Eni automotive lubricants and polymers.

Apar Industries (NSE:APARINDS) Headlines

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