Associated Commercial Co (XMAU:ACC) Interest Expense : MUR-1.9 Mil (TTM As of Dec. 2023)

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What is Associated Commercial Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Associated Commercial Co's interest expense for the three months ended in Dec. 2023 was MUR -0.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was MUR-1.9 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. Associated Commercial Co's Operating Income for the three months ended in Dec. 2023 was MUR 6.2 Mil. Associated Commercial Co's Interest Expense for the three months ended in Dec. 2023 was MUR -0.3 Mil. Associated Commercial Co's Interest Coverage for the quarter that ended in Dec. 2023 was 20.05. 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.

Associated Commercial Co Interest Expense Historical Data

The historical data trend for Associated Commercial 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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Associated Commercial Co Interest Expense Chart

Associated Commercial Co Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Interest Expense

-0.94

-0.62

-0.72

-1.47

Associated Commercial Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial									-0.24	-0.26	-0.74	-0.61	-0.31

Associated Commercial 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was MUR-1.9 Mil.

Associated Commercial Co (XMAU:ACC) 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.

Associated Commercial Co's Interest Expense for the three months ended in Dec. 2023 was MUR-0.3 Mil. Its Operating Income for the three months ended in Dec. 2023 was MUR6.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was MUR0.0 Mil.

Associated Commercial Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	6.236	/	-0.311
	=	20.05

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

Associated Commercial Co (XMAU:ACC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Associated Commercial Co Ltd (XMAU:ACC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o United Bus Service Ltd., Les Cassis, Port Louis, MUS

Website

https://www.accgroup.mu/acc

Associated Commercial Co Ltd is a dealer of motor vehicles, spare parts, new tyres and accessories. The principal activity of the company is the import and distribution tyres, tubes, flaps and spare parts for commercial vehicles. The company's reportable segments are Vehicles, Batteries and Lubricants, Spare Parts and Tyres. The company generates majority of its revenue from Tyres segment.