Somany Ceramics (BOM:531548) Interest Expense : ₹-447 Mil (TTM As of Dec. 2023)

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What is Somany Ceramics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Somany Ceramics's interest expense for the three months ended in Dec. 2023 was ₹ -109 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-447 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. Somany Ceramics's Operating Income for the three months ended in Dec. 2023 was ₹ 402 Mil. Somany Ceramics's Interest Expense for the three months ended in Dec. 2023 was ₹ -109 Mil. Somany Ceramics's Interest Coverage for the quarter that ended in Dec. 2023 was 3.70. 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.

Somany Ceramics Interest Expense Historical Data

The historical data trend for Somany Ceramics'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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Somany Ceramics Interest Expense Chart

Somany Ceramics Annual Data

Trend

Mar14

Mar15

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Mar19

Mar20

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Mar23

Interest Expense

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-483.41

-476.30

-401.38

-296.39

-403.60

Somany Ceramics 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															-118.80	-116.40	-111.70	-109.80	-108.80

Somany Ceramics 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 ₹-447 Mil.

Somany Ceramics (BOM:531548) 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.

Somany Ceramics's Interest Expense for the three months ended in Dec. 2023 was ₹-109 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹402 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Somany Ceramics'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	*	402.1	/	-108.8
	=	3.70

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

Somany Ceramics (BOM:531548) Business Description

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SOMANYCERA:India

Address

F-36, Sector-6, Noida, UP, IND, 201301

Website

https://www.somanyceramics.com

Somany Ceramics Ltd is an India based manufacturer and marketer of tiles, sanitary ware, and bath fittings products. It offers products such as Floor tiles, Wall tiles and claddings, Tile laying solutions, and Sanitary ware products, such as toilets, basins, urinals, sinks, cabinet basins, cisterns, and seat covers. It also provides CP fittings, such as Faucets, Showers, accessories, and allied products. The business activity of the company falls within the primary segment of Ceramic tiles and Allied products. It derives key revenue from the sale of Tiles.

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