Talbros Engineering (BOM:538987) Interest Expense : ₹-96 Mil (TTM As of Mar. 2024)

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What is Talbros Engineering Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Talbros Engineering's interest expense for the three months ended in Mar. 2024 was ₹ -24 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-96 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. Talbros Engineering's Operating Income for the three months ended in Mar. 2024 was ₹ 84 Mil. Talbros Engineering's Interest Expense for the three months ended in Mar. 2024 was ₹ -24 Mil. Talbros Engineering's Interest Coverage for the quarter that ended in Mar. 2024 was 3.55. 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.

Talbros Engineering Interest Expense Historical Data

The historical data trend for Talbros Engineering'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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Talbros Engineering Interest Expense Chart

Talbros Engineering Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-53.82

-39.61

-57.04

-93.18

-95.85

Talbros Engineering 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															-26.28	-19.66	-22.31	-30.38	-23.51

Talbros Engineering 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 ₹-96 Mil.

Talbros Engineering (BOM:538987) 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.

Talbros Engineering's Interest Expense for the three months ended in Mar. 2024 was ₹-24 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹583 Mil.

Talbros Engineering'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	*	83.523	/	-23.506
	=	3.55

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

Talbros Engineering (BOM:538987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Talbros Engineering Ltd (BOM:538987) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 74-75-76, Sector 6, Faridabad, HR, IND, 121 006

Website

https://www.talbrosaxles.com

Talbros Engineering Ltd is engaged in manufacturing of Rear Axle Shafts for the automobile companies in India and foreign markets. The company operates in only one Segment namely Automobile Components. It offers Rear axle shafts and Front axle shafts. Its manufacturing facilities include forging and induction hardening. The group sells its products in India and also exports it to other countries. It derives a majority of revenue from India.

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