Honda India Power Products (BOM:522064) Interest Expense : ₹-4 Mil (TTM As of Mar. 2024)

View and export this data going back to 1991. Start your Free Trial

What is Honda India Power Products Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Honda India Power Products's interest expense for the three months ended in Mar. 2024 was ₹ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-4 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. Honda India Power Products's Operating Income for the three months ended in Mar. 2024 was ₹ 52 Mil. Honda India Power Products's Interest Expense for the three months ended in Mar. 2024 was ₹ -3 Mil. Honda India Power Products's Interest Coverage for the quarter that ended in Mar. 2024 was 17.90. 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.

Honda India Power Products Interest Expense Historical Data

The historical data trend for Honda India Power Products'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.

* Premium members only.

Honda India Power Products Interest Expense Chart

Honda India Power Products Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

Get a 7-Day Free Trial

-3.00

-2.80

-4.80

-5.80

-4.40

Honda India Power Products Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-4.10	-0.50	-0.50	-0.50	-2.90

Honda India Power Products 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-4 Mil.

Honda India Power Products (BOM:522064) 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.

Honda India Power Products's Interest Expense for the three months ended in Mar. 2024 was ₹-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2 Mil.

Honda India Power Products's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	51.9	/	-2.9
	=	17.90

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Honda India Power Products Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Honda India Power Products (BOM:522064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Honda India Power Products Ltd (BOM:522064) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

HONDAPOWER:India

Address

Plot No. 5, Sector-41 Kasna, Greater Noida Industrial Development Area, District Gautam Budh Nagar, Greater Noida, UP, IND, 201310

Website

https://www.hondaindiapower.com

Honda India Power Products Ltd is engaged in the manufacturing and marketing of power products such as portable generators, water pumps, and general-purpose engines. The company is also involved in the marketing of motor-powered lawnmower, brush cutter, long-tailed outboard motors, and power tillers. Its products are manufactured at its facilities located in Greater Noida. The geographical spread of the company business is present across Indian as well as international markets and generating revenues from the sale of its products.

Honda India Power Products (BOM:522064) Headlines

No Headlines