Ashok Leyland (NSE:ASHOKLEY) Interest Expense : ₹-37,066 Mil (TTM As of Dec. 2024)

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What is Ashok Leyland Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ashok Leyland's interest expense for the three months ended in Dec. 2024 was ₹ -10,113 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-37,066 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. Ashok Leyland's Operating Income for the three months ended in Dec. 2024 was ₹ 22,287 Mil. Ashok Leyland's Interest Expense for the three months ended in Dec. 2024 was ₹ -10,113 Mil. Ashok Leyland's Interest Coverage for the quarter that ended in Dec. 2024 was 2.20. 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.

Ashok Leyland Interest Expense Historical Data

The historical data trend for Ashok Leyland'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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Ashok Leyland Interest Expense Chart

Ashok Leyland Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-18,016.50

-19,006.40

-18,690.50

-20,935.00

-29,822.50

Ashok Leyland 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															-7,827.30	-8,292.30	-9,038.20	-9,623.00	-10,112.70

Ashok Leyland 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 ₹-37,066 Mil.

Ashok Leyland (NSE:ASHOKLEY) 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.

Ashok Leyland's Interest Expense for the three months ended in Dec. 2024 was ₹-10,113 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹22,287 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Ashok Leyland'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	*	22287.1	/	-10112.7
	=	2.20

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

Ashok Leyland Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Ashok Leyland Ltd (NSE:ASHOKLEY) » Definitions » Interest Expense

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500477:India

Address

No. 1, Sardar Patel Road, Guindy, Chennai, TN, IND, 600032

Website

https://www.ashokleyland.com

Ashok Leyland Ltd is an automobile manufacturing company. The company manufactures commercial vehicles, engines, spare parts, and accessories, with the vast majority of revenue being derived from commercial vehicle sales. It produces and sells vehicles across different categories such as Trucks, Buses, Light Commercial Vehicles, and Defence. The company's operating segments are; Commercial vehicles, and Financial services. Geographically, it derives the majority revenue within India and the rest from other markets.

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