Sanrhea Technical Textiles (BOM:514280) Interest Expense : ₹-5.2 Mil (TTM As of Dec. 2023)

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What is Sanrhea Technical Textiles Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sanrhea Technical Textiles's interest expense for the three months ended in Dec. 2023 was ₹ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-5.2 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. Sanrhea Technical Textiles's Operating Income for the three months ended in Dec. 2023 was ₹ 18.5 Mil. Sanrhea Technical Textiles's Interest Expense for the three months ended in Dec. 2023 was ₹ -0.9 Mil. Sanrhea Technical Textiles's Interest Coverage for the quarter that ended in Dec. 2023 was 21.21. 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.

Sanrhea Technical Textiles Interest Expense Historical Data

The historical data trend for Sanrhea Technical Textiles'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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Sanrhea Technical Textiles Interest Expense Chart

Sanrhea Technical Textiles Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-9.19

-11.08

-10.67

-7.47

-7.50

Sanrhea Technical Textiles 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															-2.41	-0.50	-1.67	-2.19	-0.87

Sanrhea Technical Textiles 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 ₹-5.2 Mil.

Sanrhea Technical Textiles (BOM:514280) 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.

Sanrhea Technical Textiles's Interest Expense for the three months ended in Dec. 2023 was ₹-0.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹18.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

Sanrhea Technical Textiles'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	*	18.496	/	-0.872
	=	21.21

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

Sanrhea Technical Textiles (BOM:514280) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sanrhea Technical Textiles Ltd (BOM:514280) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Dr. Ambedkar Road, Near G. E. B., District Gandhinagar, Kalol, GJ, IND, 382721

Website

https://www.sanrhea.com

Sanrhea Technical Textiles Ltd is engaged in the manufacturing of textiles. It earns revenue primarily from the sale of Conveyor Belting fabrics, Chafer fabrics for Tyres, Diaphragm fabrics for Auto industries, and Liners. The company caters to both domestic and international markets. The company has only one segment, which is Industrial fabrics. The company derives the majority of its revenue from the domestic markets.

Sanrhea Technical Textiles (BOM:514280) Headlines

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