Parker Agro Chem Exports (BOM:524628) Interest Expense : ₹-0.72 Mil (TTM As of Mar. 2024)

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What is Parker Agro Chem Exports Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Parker Agro Chem Exports's interest expense for the three months ended in Mar. 2024 was ₹ -0.29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-0.72 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. Parker Agro Chem Exports's Operating Income for the three months ended in Mar. 2024 was ₹ -3.87 Mil. Parker Agro Chem Exports's Interest Expense for the three months ended in Mar. 2024 was ₹ -0.29 Mil. Parker Agro Chem Exports 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.

Parker Agro Chem Exports Interest Expense Historical Data

The historical data trend for Parker Agro Chem Exports'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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Parker Agro Chem Exports Interest Expense Chart

Parker Agro Chem Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.60

-0.02

-0.18

-0.32

-0.72

Parker Agro Chem Exports 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															-0.31	-0.13	-0.09	-0.21	-0.29

Parker Agro Chem Exports 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 ₹-0.72 Mil.

Parker Agro Chem Exports (BOM:524628) 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.

Parker Agro Chem Exports's Interest Expense for the three months ended in Mar. 2024 was ₹-0.29 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-3.87 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹2.80 Mil.

Parker Agro Chem Exports's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Parker Agro Chem Exports did not have earnings to cover the interest expense.

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

Parker Agro Chem Exports (BOM:524628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Parker Agro Chem Exports Ltd (BOM:524628) » Definitions » Interest Expense

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Address

Panchwati Five Roads, 401, 4th Floor, Turqouise Building, Ahmedabad, GJ, IND, 380006

Website

https://www.parkeragrochem.com

Parker Agro Chem Exports Ltd is engaged in the development and renting of petroleum and edible oil storage tanks with connecting pipelines to Port/Jetty. The company is also engaged in trading in commodities including gold and silver and also shares and securities. Its segments are Commodity futures; Trading of imported RBD Palm Oil and Renting of Tank Farm. It generates the majority of its revenue from the Renting of Tank Farm segment.

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