Wardwizard Innovations & Mobility (BOM:538970) Interest Expense : ₹-44 Mil (TTM As of Mar. 2024)

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What is Wardwizard Innovations & Mobility Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Wardwizard Innovations & Mobility's interest expense for the three months ended in Mar. 2024 was ₹ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-44 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. Wardwizard Innovations & Mobility's Operating Income for the three months ended in Mar. 2024 was ₹ 82 Mil. Wardwizard Innovations & Mobility's Interest Expense for the three months ended in Mar. 2024 was ₹ -19 Mil. Wardwizard Innovations & Mobility's Interest Coverage for the quarter that ended in Mar. 2024 was 4.38. 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.

Wardwizard Innovations & Mobility Interest Expense Historical Data

The historical data trend for Wardwizard Innovations & Mobility'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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Wardwizard Innovations & Mobility Interest Expense Chart

Wardwizard Innovations & Mobility Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.06

-0.05

-0.23

-7.67

-52.14

Wardwizard Innovations & Mobility Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-4.86	-1.08	-9.36	-16.04	-18.69

Wardwizard Innovations & Mobility 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 ₹-44 Mil.

Wardwizard Innovations & Mobility (BOM:538970) 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.

Wardwizard Innovations & Mobility's Interest Expense for the three months ended in Mar. 2024 was ₹-19 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹82 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹108 Mil.

Wardwizard Innovations & Mobility'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	*	81.887	/	-18.692
	=	4.38

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

Wardwizard Innovations & Mobility (BOM:538970) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Wardwizard Innovations & Mobility Ltd (BOM:538970) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey 26/2, Ajwa Road, Opposite Pooja Farm Sayajipura, Vadodara, GJ, IND, 390019

Website

https://www.wardwizard.in

Wardwizard Innovations & Mobility Ltd and its subsidiary are engaged in the manufacturing and selling of transport equipment. It operates through the following segments: Joy E-Bike; Vyom Innovations and Sale of services. Geographically it generates a majority of revenue from India.

Wardwizard Innovations & Mobility (BOM:538970) Headlines

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