Astral (NSE:ASTRAL) Interest Expense : ₹-266 Mil (TTM As of Mar. 2024)

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What is Astral Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Astral's interest expense for the three months ended in Mar. 2024 was ₹ -74 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-266 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. Astral's Operating Income for the three months ended in Mar. 2024 was ₹ 2,390 Mil. Astral's Interest Expense for the three months ended in Mar. 2024 was ₹ -74 Mil. Astral's Interest Coverage for the quarter that ended in Mar. 2024 was 32.30. 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.

Astral Interest Expense Historical Data

The historical data trend for Astral'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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Astral Interest Expense Chart

Astral Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-186.00

-98.00

-38.00

-171.00

-266.00

Astral 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															-54.00	-64.00	-59.00	-69.00	-74.00

Astral 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 ₹-266 Mil.

Astral (NSE:ASTRAL) 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.

Astral's Interest Expense for the three months ended in Mar. 2024 was ₹-74 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,390 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹569 Mil.

Astral'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	*	2390	/	-74
	=	32.30

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

Astral (NSE:ASTRAL) Business Description

Industry

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532830:India

Address

Off. S.G. Highway, Astral House, 207/1, Behind Rajpath Club, Ahmedabad, GJ, IND, 380059

Website

https://www.astralpipes.com

Astral Ltd manufactures plumbing systems, drainage systems, agriculture, industrial and electrical conduit pipes with various types of fittings. Operations are divided into two business segment units: Plumbing, and Paints and Adhesives. Astral's list of clients includes hospitals, resorts, parks, stadiums, government facilities, and a host of other industries. The majority of the company's products are utilized across India. Pipes and systems are sold under several brand names and can be built to withstand many conditions imposed by a system's environment and meet several requirements and regulations.

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