Modi Rubber (BOM:500890) Interest Expense : ₹-35.42 Mil (TTM As of Mar. 2024)

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What is Modi Rubber Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Modi Rubber's interest expense for the three months ended in Mar. 2024 was ₹ -18.92 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-35.42 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. Modi Rubber's Operating Income for the three months ended in Mar. 2024 was ₹ -85.00 Mil. Modi Rubber's Interest Expense for the three months ended in Mar. 2024 was ₹ -18.92 Mil. Modi Rubber did not have earnings to cover the interest expense. 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.

Modi Rubber Interest Expense Historical Data

The historical data trend for Modi Rubber'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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Modi Rubber Interest Expense Chart

Modi Rubber Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3.46

-2.83

-2.17

-4.78

-35.42

Modi Rubber 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															-1.10	-4.26	-6.52	-5.71	-18.92

Modi Rubber 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 ₹-35.42 Mil.

Modi Rubber (BOM:500890) 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.

Modi Rubber's Interest Expense for the three months ended in Mar. 2024 was ₹-18.92 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-85.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹79.76 Mil.

Modi Rubber's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Modi Rubber did not have earnings to cover the interest expense.

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

Modi Rubber (BOM:500890) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modi Rubber Ltd (BOM:500890) » Definitions » Interest Expense

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MODIRUBBER:India

Address

4-7C, DDA Shopping Centre, New Friends Colony, New Delhi, IND, 110025

Website

https://www.modirubberlimited.com

Modi Rubber Ltd is an Indian real estate company. The firm is engaged in renting immovable property which is the only segment. It derives revenue from rentals on real estate and guest houses at Modipuram, India. It also generates income from fund management and dividends from joint venture companies in which the company has management and equity collaborations.

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