Apex Frozen Foods (NSE:APEX) Interest Expense : ₹-94 Mil (TTM As of Dec. 2024)

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What is Apex Frozen Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Apex Frozen Foods's interest expense for the three months ended in Dec. 2024 was ₹ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-94 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. Apex Frozen Foods's Operating Income for the three months ended in Dec. 2024 was ₹ 2 Mil. Apex Frozen Foods's Interest Expense for the three months ended in Dec. 2024 was ₹ -28 Mil. Apex Frozen Foods's Interest Coverage for the quarter that ended in Dec. 2024 was 0.09. 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.

Apex Frozen Foods Interest Expense Historical Data

The historical data trend for Apex Frozen Foods'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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Apex Frozen Foods Interest Expense Chart

Apex Frozen Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-93.64

-145.73

-161.96

-136.38

-91.67

Apex Frozen Foods Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-19.26	-15.18	-22.76	-28.39	-27.87

Apex Frozen Foods 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-94 Mil.

Apex Frozen Foods (NSE:APEX) 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.

Apex Frozen Foods's Interest Expense for the three months ended in Dec. 2024 was ₹-28 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Apex Frozen Foods's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	2.436	/	-27.873
	=	0.09

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

Apex Frozen Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Apex Frozen Foods Ltd (NSE:APEX) » Definitions » Interest Expense

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540692:India

Address

Panasapadu, No. 3 - 160, East Godavari District, Kakinada, AP, IND, 533 005

Website

https://www.apexfrozenfoods.in

Apex Frozen Foods Ltd is a producer and exporter of shelf-stable quality aquaculture products. The company supplies ready-to-cook products to food companies, retail chains, restaurants, club stores, and distributors spread across the developed markets of the USA and various European countries. It produces two kinds of shrimp namely the Whiteleg shrimp (Litopenaeus Vannamei) and the Black Tiger Shrimp (Penaeus Monodon). These products are sold under the brands of Bay Fresh, Bay Harvest, and BayPremium.