Art Nirman (NSE:ARTNIRMAN) Interest Expense : ₹-2.0 Mil (TTM As of Mar. 2023)

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What is Art Nirman Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Art Nirman's interest expense for the six months ended in Mar. 2023 was ₹ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-2.0 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. Art Nirman's Operating Income for the six months ended in Mar. 2023 was ₹ 4.3 Mil. Art Nirman's Interest Expense for the six months ended in Mar. 2023 was ₹ -1.9 Mil. Art Nirman's Interest Coverage for the quarter that ended in Mar. 2023 was 2.21. 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.

Art Nirman Interest Expense Historical Data

The historical data trend for Art Nirman'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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Art Nirman Interest Expense Chart

Art Nirman Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-79.23

-61.76

-18.92

-4.52

-2.04

Art Nirman Semi-Annual Data
	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Interest Expense	Get a 7-Day Free Trial													-3.75	-0.66	-3.73	-0.10	-1.94

Art Nirman 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-2.0 Mil.

Art Nirman (NSE:ARTNIRMAN) 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.

Art Nirman's Interest Expense for the six months ended in Mar. 2023 was ₹-1.9 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹4.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹24.3 Mil.

Art Nirman's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	4.279	/	-1.94
	=	2.21

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

Art Nirman (NSE:ARTNIRMAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Art Nirman Ltd (NSE:ARTNIRMAN) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Science City Main Road, 410, JBR Arcade, Sola, Ahmedabad, GJ, IND, 380060

Website

https://www.artnirman.com

Art Nirman Ltd is engaged in the construction of residential and commercial buildings in India. Its residential projects include Affordable housing, luxurious flat, and towers as well as luxurious bungalows and its commercial projects comprise office spaces as well as showrooms and shops. The company operates only in India. It operates in one segment namely Real Estate.

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