Access Engineering (COL:AEL.N0000) Interest Expense : රු-3,090 Mil (TTM As of Dec. 2023)

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What is Access Engineering Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Access Engineering's interest expense for the three months ended in Dec. 2023 was රු -706 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was රු-3,090 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. Access Engineering's Operating Income for the three months ended in Dec. 2023 was රු 1,486 Mil. Access Engineering's Interest Expense for the three months ended in Dec. 2023 was රු -706 Mil. Access Engineering's Interest Coverage for the quarter that ended in Dec. 2023 was 2.10. 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.

Access Engineering Interest Expense Historical Data

The historical data trend for Access Engineering'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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Access Engineering Interest Expense Chart

Access Engineering Annual Data

Trend

Mar14

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Mar23

Interest Expense

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-1,520.20

-1,415.10

-1,089.88

-1,454.87

-4,491.73

Access Engineering Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1,568.81	-978.53	-689.28	-716.40	-705.82

Access Engineering 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 රු-3,090 Mil.

Access Engineering (COL:AEL.N0000) 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.

Access Engineering's Interest Expense for the three months ended in Dec. 2023 was රු-706 Mil. Its Operating Income for the three months ended in Dec. 2023 was රු1,486 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was රු17,735 Mil.

Access Engineering'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	*	1485.593	/	-705.817
	=	2.10

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

Access Engineering (COL:AEL.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Access Engineering PLC (COL:AEL.N0000) » Definitions » Interest Expense

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N/A

Address

No. 278, Union Place, Access Towers, Colombo, LKA, 02

Website

https://www.accessengsl.com

Access Engineering PLC is involved in the business of construction activities and the supply of construction-related services and materials. The company is divided into four segments namely The Construction segment includes the process of constructing buildings and other infrastructures; The Construction-Related Materials segment involves the Production and supply of construction-related materials such as asphalt products, quarry products, and others; The Property segment is engaged in the development of high rise buildings and The Automobile segment includes importing and distribution, or sale of motor vehicles, and spare parts. It generates a majority of its revenue from the Construction Segment. The activities of the Group are located mainly in Sri Lanka.

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