NDA Securities (BOM:511535) Interest Expense : ₹-1.11 Mil (TTM As of Dec. 2023)

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What is NDA Securities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. NDA Securities's interest expense for the three months ended in Dec. 2023 was ₹ -0.20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-1.11 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. NDA Securities's Operating Income for the three months ended in Dec. 2023 was ₹ 9.14 Mil. NDA Securities's Interest Expense for the three months ended in Dec. 2023 was ₹ -0.20 Mil. NDA Securities's Interest Coverage for the quarter that ended in Dec. 2023 was 45.23. 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.

NDA Securities Interest Expense Historical Data

The historical data trend for NDA Securities'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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NDA Securities Interest Expense Chart

NDA Securities Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1.73

-1.34

-0.86

-0.70

-0.60

NDA Securities 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															-0.11	-0.15	-0.29	-0.48	-0.20

NDA Securities 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 ₹-1.11 Mil.

NDA Securities (BOM:511535) 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.

NDA Securities's Interest Expense for the three months ended in Dec. 2023 was ₹-0.20 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹9.14 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.00 Mil.

NDA Securities'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	*	9.136	/	-0.202
	=	45.23

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

NDA Securities (BOM:511535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » NDA Securities Ltd (BOM:511535) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

E-157, Second Floor, Kalkaji, New Delhi, IND, 110019

Website

https://www.ndaindia.com

NDA Securities Ltd is engaged in various financial services. The company provides various stockbroking services in the equity capital market, future and options market, commodity markets, currency derivative market, and depository participants. The company is engaged in the brokerage of financial products e.g. Stock Brokerage, Mutual Funds depository Services, and investment-related activities such as investment in subsidiaries and investment in Mutual Funds. The company receives revenue from the sale of shares and mutual fund commissions, and brokerage on the sale of securities. Geographically, the company offers its services only to the Indian market region.

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