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Eimco Elecon India (BOM:523708) Interest Expense : ₹-1 Mil (TTM As of Mar. 2024)


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What is Eimco Elecon India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Eimco Elecon India's interest expense for the three months ended in Mar. 2024 was ₹ 6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-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. Eimco Elecon India's Operating Income for the three months ended in Mar. 2024 was ₹ 150 Mil. Eimco Elecon India's Interest Expense for the three months ended in Mar. 2024 was ₹ 6 Mil. Eimco Elecon India did not have earnings to cover the interest expense. 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.

Eimco Elecon India Interest Expense Historical Data

The historical data trend for Eimco Elecon India'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.

Eimco Elecon India Interest Expense Chart

Eimco Elecon India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.26 -1.76 -0.98 -1.59 -0.51

Eimco Elecon India 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.08 -1.68 -1.58 -3.20 5.95

Eimco Elecon India 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 ₹-1 Mil.

* 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.

Eimco Elecon India  (BOM:523708) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Eimco Elecon India's Interest Expense for the three months ended in Mar. 2024 was ₹6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹150 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1 Mil.

Eimco Elecon India's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

* 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.

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. Eimco Elecon India Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Eimco Elecon India (BOM:523708) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Eimco Elecon India Ltd (BOM:523708) » Definitions » Interest Expense
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Traded in Other Exchanges
EIMCOELECO:India
Address
Anand-Sojitra Road, District Anand, Vallabh Vidyanagar, GJ, IND, 388 120
Website
https://www.eimcoelecon.in
Eimco Elecon India Ltd is an Indian company engaged in the business of manufacturing and supplying equipment for mining and construction sector. Its products include Air motors, Chair lift man riding system, Coal hauler, Drill machine, Load haul dumper (coal mining), Load haul dumper (metal mining), Low profile dump truck, Rocker shovel loader, Side dump loader, and Wheel loader, among others. The group sells its products in India and also exports them to other countries.

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