Gayatri Sugars (BOM:532183) Interest Expense : ₹-243 Mil (TTM As of Mar. 2024)

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What is Gayatri Sugars Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gayatri Sugars's interest expense for the three months ended in Mar. 2024 was ₹ -52 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-243 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. Gayatri Sugars's Operating Income for the three months ended in Mar. 2024 was ₹ 385 Mil. Gayatri Sugars's Interest Expense for the three months ended in Mar. 2024 was ₹ -52 Mil. Gayatri Sugars's Interest Coverage for the quarter that ended in Mar. 2024 was 7.35. 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.

Gayatri Sugars Interest Expense Historical Data

The historical data trend for Gayatri Sugars'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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Gayatri Sugars Interest Expense Chart

Gayatri Sugars Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-241.27

-257.39

-253.05

-238.86

-243.04

Gayatri Sugars 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															-11.84	-55.96	-56.43	-78.24	-52.41

Gayatri Sugars 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 ₹-243 Mil.

Gayatri Sugars (BOM:532183) 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.

Gayatri Sugars's Interest Expense for the three months ended in Mar. 2024 was ₹-52 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹385 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹954 Mil.

Gayatri Sugars'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	*	385.015	/	-52.414
	=	7.35

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Gayatri Sugars Ltd interest coverage is 1.27, which is low.

Gayatri Sugars (BOM:532183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gayatri Sugars Ltd (BOM:532183) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rajbhavan Road, 6-3-1090, B2, 2nd Floor, T.S.R. Towers, Somajiguda, Hyderabad, TG, IND, 500 082

Website

https://www.gayatrisugars.com

Gayatri Sugars Ltd engages in the manufacture of sugar and allied products. Its products include sugar, distillery products like Rectified Spirit, Impure spirit, Ethanol, and byproducts like Molasses, Filter cake, Ash, and Bagasse. The company's operating segment includes Sugar and Distillery. It generates maximum revenue from the Sugar segment. The company is also engaged in power generation.

Gayatri Sugars (BOM:532183) Headlines

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