Simmonds Marshall (BOM:507998) Interest Expense : ₹-89 Mil (TTM As of Dec. 2023)

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What is Simmonds Marshall Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Simmonds Marshall's interest expense for the three months ended in Dec. 2023 was ₹ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-89 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. Simmonds Marshall's Operating Income for the three months ended in Dec. 2023 was ₹ 22 Mil. Simmonds Marshall's Interest Expense for the three months ended in Dec. 2023 was ₹ -24 Mil. Simmonds Marshall's Interest Coverage for the quarter that ended in Dec. 2023 was 0.93. 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.

Simmonds Marshall Interest Expense Historical Data

The historical data trend for Simmonds Marshall'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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Simmonds Marshall Interest Expense Chart

Simmonds Marshall Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-33.49

-47.81

-77.50

-86.11

-87.97

Simmonds Marshall Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-23.61	-20.83	-22.41	-22.09	-23.88

Simmonds Marshall 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 ₹-89 Mil.

Simmonds Marshall (BOM:507998) 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.

Simmonds Marshall's Interest Expense for the three months ended in Dec. 2023 was ₹-24 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹22 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Simmonds Marshall's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	22.187	/	-23.876
	=	0.93

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Simmonds Marshall Ltd interest coverage is 1.18, which is low.

Simmonds Marshall (BOM:507998) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Simmonds Marshall Ltd (BOM:507998) » Definitions » Interest Expense

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Address

5, Wallace Street, Apeejay Chambers, Fort, Mumbai, MH, IND, 400001

Website

http://www.simmondsmarshall.com

Simmonds Marshall Ltd is a manufacturer of industrial fasteners. It caters to the automotive and industrial sectors and supplies to almost all the major automobile manufacturers in India as original equipment suppliers. The company product range comprises of Cleveloc and all metal self-locking nuts, Dome cap, Slotted and castle, Nylon insert self-locking nuts, Bolts and Studs. It operates in two geographical segments: India and other countries, of which maximum revenue is derived from India.

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