Prudentorate Advisory Services (NSE:PRUDENT) Interest Expense : ₹-16 Mil (TTM As of Mar. 2024)

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What is Prudentorate Advisory Services Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prudentorate Advisory Services's interest expense for the three months ended in Mar. 2024 was ₹ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-16 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. Prudentorate Advisory Services's Operating Income for the three months ended in Mar. 2024 was ₹ 523 Mil. Prudentorate Advisory Services's Interest Expense for the three months ended in Mar. 2024 was ₹ -8 Mil. Prudentorate Advisory Services's Interest Coverage for the quarter that ended in Mar. 2024 was 66.88. 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.

Prudentorate Advisory Services Interest Expense Historical Data

The historical data trend for Prudentorate Advisory 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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Prudentorate Advisory Services Interest Expense Chart

Prudentorate Advisory Services Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-25.23

-15.41

-25.90

-20.71

-20.92

Prudentorate Advisory Services Quarterly Data
	Mar19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial									-5.87	-5.14	-4.94	-3.59	-7.82

Prudentorate Advisory 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 ₹-16 Mil.

Prudentorate Advisory Services (NSE:PRUDENT) 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.

Prudentorate Advisory Services's Interest Expense for the three months ended in Mar. 2024 was ₹-8 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹523 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹203 Mil.

Prudentorate Advisory 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	*	522.904	/	-7.818
	=	66.88

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Prudent Corporate Advisory Services Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Prudentorate Advisory Services (NSE:PRUDENT) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prudent Corporate Advisory Services Ltd (NSE:PRUDENT) » Definitions » Interest Expense

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543527:India

Address

Panjarapole Cross Road, Prudent House, 3 Devang Park Society, Nr. Polytechnic, Ambawadi, Ahmedabad, GJ, IND, 380 015

Website

https://www.prudentcorporate.com

Prudent Corporate Advisory Services Ltd provides retail wealth management services. The company offers Mutual Fund products, Life and General Insurance solutions, Stock Broking services, SIP with Insurance, Gold Accumulation Plans, Asset Allocation, Fixed Income Products, Property, and loans.

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