GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Industrial & Prudential Investment Co Ltd (BOM:501298) » Definitions » Interest Expense

Industrial & Prudential Investment Co (BOM:501298) Interest Expense : ₹0.00 Mil (TTM As of Dec. 2023)


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What is Industrial & Prudential Investment Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Industrial & Prudential Investment Co's interest expense for the three months ended in Dec. 2023 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹0.00 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. Industrial & Prudential Investment Co's Operating Income for the three months ended in Dec. 2023 was ₹ 14.07 Mil. Industrial & Prudential Investment Co's Interest Expense for the three months ended in Dec. 2023 was ₹ 0.00 Mil. Industrial & Prudential Investment Co has no long-term debt (1). 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Industrial & Prudential Investment Co Interest Expense Historical Data

The historical data trend for Industrial & Prudential Investment Co'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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Industrial & Prudential Investment Co Interest Expense Chart

Industrial & Prudential Investment Co Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Expense
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Industrial & Prudential Investment Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Industrial & Prudential Investment Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0.00 Mil.

* 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.

Industrial & Prudential Investment Co  (BOM:501298) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Industrial & Prudential Investment Co's Interest Expense for the three months ended in Dec. 2023 was ₹0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹14.07 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.00 Mil.

Industrial & Prudential Investment Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Industrial & Prudential Investment Co had no long-term debt (1).

* 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.

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

Good Sign:

Industrial & Prudential Investment Co Ltd has no debt.

Industrial & Prudential Investment Co (BOM:501298) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Industrial & Prudential Investment Co Ltd (BOM:501298) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
8/1/B Diamond Harbour Road, Paharpur House, Kolkata, WB, IND, 700027
Website
https://www.industrialprudential.com
Industrial & Prudential Investment Co Ltd is a Non-Banking Finance Company. The activities of the company comprise of acquiring, selling and maintaining investments. The company invests customer's money in Indian as well as in the international equity market. Geographically the company serves Indian market customers.

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