Hindustan Hardy (BOM:505893) Interest Expense : ₹-2.1 Mil (TTM As of Sep. 2024)

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What is Hindustan Hardy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hindustan Hardy's interest expense for the three months ended in Sep. 2024 was ₹ -0.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-2.1 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. Hindustan Hardy's Operating Income for the three months ended in Sep. 2024 was ₹ 25.8 Mil. Hindustan Hardy's Interest Expense for the three months ended in Sep. 2024 was ₹ -0.5 Mil. Hindustan Hardy's Interest Coverage for the quarter that ended in Sep. 2024 was 47.54. 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.

Hindustan Hardy Interest Expense Historical Data

The historical data trend for Hindustan Hardy'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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Hindustan Hardy Interest Expense Chart

Hindustan Hardy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3.06

-1.86

-3.16

-4.14

-2.42

Hindustan Hardy Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.51	-0.45	-0.75	-0.38	-0.54

Hindustan Hardy 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-2.1 Mil.

Hindustan Hardy (BOM:505893) 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.

Hindustan Hardy's Interest Expense for the three months ended in Sep. 2024 was ₹-0.5 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹25.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹17.8 Mil.

Hindustan Hardy's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	25.766	/	-0.542
	=	47.54

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

Hindustan Hardy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hindustan Hardy Ltd (BOM:505893) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Plot No. C-12, M.I.D.C. Area, Ambad, Additional Nasik Industrial Area, Nashik, MH, IND, 422 010

Website

https://www.hhardys.com

Hindustan Hardy Ltd is an auto parts manufacturer in India. The company is principally engaged in the designing and manufacturing of propeller shafts and other accessories required for automotive, industrial, and other applications. Its sales are mainly to four customers that is domestic OEMs, export customers, industrial customers, and aftermarket.

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