Ascom Leasing & Investments (NSE:ASCOM) Interest Expense : ₹-1.7 Mil (TTM As of Mar. 2023)

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What is Ascom Leasing & Investments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ascom Leasing & Investments's interest expense for the six months ended in Mar. 2023 was ₹ -1.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-1.7 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. Ascom Leasing & Investments's Operating Income for the six months ended in Mar. 2023 was ₹ 66.7 Mil. Ascom Leasing & Investments's Interest Expense for the six months ended in Mar. 2023 was ₹ -1.7 Mil. Ascom Leasing & Investments's Interest Coverage for the quarter that ended in Mar. 2023 was 38.93. 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.

Ascom Leasing & Investments Interest Expense Historical Data

The historical data trend for Ascom Leasing & Investments'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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Ascom Leasing & Investments Interest Expense Chart

Ascom Leasing & Investments Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-5.12

-5.29

-3.85

-6.53

-1.71

Ascom Leasing & Investments Semi-Annual Data
	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Interest Expense	Get a 7-Day Free Trial			-5.12	-5.29	-3.85	-6.53	-1.71

Ascom Leasing & Investments Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-1.7 Mil.

Ascom Leasing & Investments (NSE:ASCOM) 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.

Ascom Leasing & Investments's Interest Expense for the six months ended in Mar. 2023 was ₹-1.7 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹66.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹3.0 Mil.

Ascom Leasing & Investments's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	66.685	/	-1.713
	=	38.93

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

Ascom Leasing & Investments (NSE:ASCOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ascom Leasing & Investments Ltd (NSE:ASCOM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aditya Group 331-336, VIP Road Vesu, 3rd Floor, Four Point Complex, Besides Manibha Park, Surat, GJ, IND, 395007

Website

https://www.ascomfinance.com

Ascom Leasing & Investments Ltd is a non-banking finance company engaged in the business of finance and lending. The company provides term loans, mortgage financing, personal loans, Gold loans, and Projected loans.

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