Aakash Exploration Services (NSE:AAKASH) Interest Expense : ₹-17.8 Mil (TTM As of Mar. 2024)

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What is Aakash Exploration Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Aakash Exploration Services's interest expense for the three months ended in Mar. 2024 was ₹ -6.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-17.8 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. Aakash Exploration Services's Operating Income for the three months ended in Mar. 2024 was ₹ 49.8 Mil. Aakash Exploration Services's Interest Expense for the three months ended in Mar. 2024 was ₹ -6.0 Mil. Aakash Exploration Services's Interest Coverage for the quarter that ended in Mar. 2024 was 8.34. 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.

Aakash Exploration Services Interest Expense Historical Data

The historical data trend for Aakash Exploration Services'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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Aakash Exploration Services Interest Expense Chart

Aakash Exploration Services Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-25.68

-18.60

-13.68

-16.78

-17.80

Aakash Exploration Services Quarterly Data
	Mar19	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															-4.79	-3.52	-4.81	-3.50	-5.97

Aakash Exploration Services 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 ₹-17.8 Mil.

Aakash Exploration Services (NSE:AAKASH) 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.

Aakash Exploration Services's Interest Expense for the three months ended in Mar. 2024 was ₹-6.0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹49.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹60.7 Mil.

Aakash Exploration Services'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	*	49.763	/	-5.965
	=	8.34

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

Aakash Exploration Services (NSE:AAKASH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aakash Exploration Services Ltd (NSE:AAKASH) » Definitions » Interest Expense

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Address

424-426, 4th Floor, Shukan Mall, Near Visat Petrol Pump, Sabarmati, Ahmedabad, GJ, IND, 380005

Website

https://www.aakashexploration.com

Aakash Exploration Services Ltd provides oil and gas field services in India. It offers mobile work over rigs, hot oil circulation units, air compressors, mobile steaming units, mobile pumping units, cranes, manpower services, SRP unit supply and maintenance, and other related services. The company derives revenue from the sale of services.

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