UTI Asset Management Co (NSE:UTIAMC) Interest Expense : ₹-113 Mil (TTM As of Mar. 2024)

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What is UTI Asset Management Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. UTI Asset Management Co's interest expense for the three months ended in Mar. 2024 was ₹ -30 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-113 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. UTI Asset Management Co's Operating Income for the three months ended in Mar. 2024 was ₹ 1,183 Mil. UTI Asset Management Co's Interest Expense for the three months ended in Mar. 2024 was ₹ -30 Mil. UTI Asset Management Co's Interest Coverage for the quarter that ended in Mar. 2024 was 39.32. 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.

UTI Asset Management Co Interest Expense Historical Data

The historical data trend for UTI Asset Management Co'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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UTI Asset Management Co Interest Expense Chart

UTI Asset Management Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-104.40

-90.20

-99.50

-95.50

-112.70

UTI Asset Management Co 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															-24.10	-25.40	-28.40	-28.80	-30.10

UTI Asset Management Co 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 ₹-113 Mil.

UTI Asset Management Co (NSE:UTIAMC) 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.

UTI Asset Management Co's Interest Expense for the three months ended in Mar. 2024 was ₹-30 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1,183 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

UTI Asset Management Co'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	*	1183.4	/	-30.1
	=	39.32

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

UTI Asset Management Co (NSE:UTIAMC) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » UTI Asset Management Co Ltd (NSE:UTIAMC) » Definitions » Interest Expense

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543238:India

Address

G Block, Bandra Kurla Complex, UTI Tower, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.utimf.com

UTI Asset Management Co Ltd is an asset management company in India. The company caters to a diverse group of individual and institutional investors through a wide variety of funds and services. It manages domestic mutual funds, provides portfolio management services, and manages retirement funds, offshore funds, and alternative investment funds. The objective of the group is to maximize the shareholder value as well as to maintain investor, creditor, and market confidence and sustain the future development of the group.

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