Ion Exchange (India) (BOM:500214) Interest Expense : ₹-8 Mil (TTM As of Mar. 2023)

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What is Ion Exchange (India) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ion Exchange (India)'s interest expense for the six months ended in Mar. 2023 was ₹ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-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. Ion Exchange (India)'s Operating Income for the six months ended in Mar. 2023 was ₹ 1,072 Mil. Ion Exchange (India)'s Interest Expense for the six months ended in Mar. 2023 was ₹ -8 Mil. Ion Exchange (India)'s Interest Coverage for the quarter that ended in Mar. 2023 was 129.03. 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.

Ion Exchange (India) Interest Expense Historical Data

The historical data trend for Ion Exchange (India)'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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Ion Exchange (India) Interest Expense Chart

Ion Exchange (India) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-169.61

-143.52

-109.37

-87.13

-77.21

Ion Exchange (India) Semi-Annual Data
	Mar10	Mar11	Mar12	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Mar20	Mar21	Mar22	Mar23
Interest Expense	Get a 7-Day Free Trial									-28.11	-24.02	-11.27	-12.13	-8.31

Ion Exchange (India) 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 ₹-8 Mil.

Ion Exchange (India) (BOM:500214) 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.

Ion Exchange (India)'s Interest Expense for the six months ended in Mar. 2023 was ₹-8 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹1,072 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹191 Mil.

Ion Exchange (India)'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	*	1071.882	/	-8.307
	=	129.03

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. Ion Exchange (India) Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Ion Exchange (India) (BOM:500214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ion Exchange (India) Ltd (BOM:500214) » Definitions » Interest Expense

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IONEXCHANG:India

Address

Dr. E. Moses Road, Ion House, Mahalaxmi, Mumbai, MH, IND, 400011

Website

https://www.ionindia.com

Ion Exchange (India) Ltd is a water solution provider. The principal activities of the company consist of the construction and maintenance of water treatment plants, wastewater treatment, manufacturing resins, specialty chemicals for water, recycling, zero liquid discharge, sewage treatment, packaged drinking water, sea water desalination, etc. The company operates its business through the Engineering division, which is a key revenue driver that comprises water treatment plants, spares, and services in connection with the plants; the Chemicals segment consists of resins, water treatment chemicals, sugar chemicals, and paper chemicals; and the Consumer Products segment comprises domestic water purifiers. The company caters to both domestic and international markets.

Ion Exchange (India) (BOM:500214) Headlines

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