AXISCADES Technologies (NSE:AXISCADES) Interest Expense : ₹-564 Mil (TTM As of Mar. 2024)

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What is AXISCADES Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. AXISCADES Technologies's interest expense for the three months ended in Mar. 2024 was ₹ -125 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-564 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. AXISCADES Technologies's Operating Income for the three months ended in Mar. 2024 was ₹ 230 Mil. AXISCADES Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹ -125 Mil. AXISCADES Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 1.84. 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.

AXISCADES Technologies Interest Expense Historical Data

The historical data trend for AXISCADES Technologies'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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AXISCADES Technologies Interest Expense Chart

AXISCADES Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-192.14

-154.27

-157.54

-359.00

-563.68

AXISCADES Technologies 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															-141.35	-201.05	-116.45	-121.04	-125.14

AXISCADES Technologies 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 ₹-564 Mil.

AXISCADES Technologies (NSE:AXISCADES) 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.

AXISCADES Technologies's Interest Expense for the three months ended in Mar. 2024 was ₹-125 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹230 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,702 Mil.

AXISCADES Technologies'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	*	229.995	/	-125.136
	=	1.84

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

AXISCADES Technologies (NSE:AXISCADES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AXISCADES Technologies Ltd (NSE:AXISCADES) » Definitions » Interest Expense

Traded in Other Exchanges

532395:India

Address

Kirloskar Business Park, Block C, Second Floor, Hebbal, Bengaluru, KA, IND, 560 024

Website

https://www.axiscades.com

AXISCADES Technologies Ltd is engaged in the business of Engineering Design Services. The company's operating segment includes Engineering Design Services and Strategic technology solutions. It generates maximum revenue from the Engineering Design Services segment. The Engineering Design Services segment is engaged in providing Product Design, Engineering, research, and development services. Geographically, it derives a majority of its revenue from Outside India. It serves aerospace; automotive; off-highway and industrial; defence; energy and medical devices industries.

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