Growington Ventures India (BOM:539222) Interest Expense : ₹-1.2 Mil (TTM As of Mar. 2024)

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What is Growington Ventures India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Growington Ventures India's interest expense for the six months ended in Mar. 2024 was ₹ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1.2 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. Growington Ventures India's Operating Income for the six months ended in Mar. 2024 was ₹ 6.6 Mil. Growington Ventures India's Interest Expense for the six months ended in Mar. 2024 was ₹ -1.2 Mil. Growington Ventures India's Interest Coverage for the quarter that ended in Mar. 2024 was 5.37. 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.

Growington Ventures India Interest Expense Historical Data

The historical data trend for Growington Ventures India'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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Growington Ventures India Interest Expense Chart

Growington Ventures India Annual Data

Trend

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Mar24

Interest Expense

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-1.57

-1.23

Growington Ventures India Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-	-	-1.57	-	-1.23

Growington Ventures India 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-1.2 Mil.

Growington Ventures India (BOM:539222) 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.

Growington Ventures India's Interest Expense for the six months ended in Mar. 2024 was ₹-1.2 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹6.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹0.0 Mil.

Growington Ventures India'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	*	6.584	/	-1.226
	=	5.37

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

Growington Ventures India (BOM:539222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Growington Ventures India Ltd (BOM:539222) » Definitions » Interest Expense

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Address

Shiv Chamber, 4th Floor, Plot No. 21, Sector – 11, CBD Belapur, Navi Mumbai, MH, IND, 400614

Website

http://www.growington.in

Growington Ventures India Ltd operates in the exporting & importing of Premium Quality Fruits. The company is principally engaged in wide portfolio of fruits like Apple, Green Apple, Orange & Mandarin, Pear, Kiwi, Dragon Fruit, Avocado, Red Globe Grapes, Plum, Nectarines, Peaches, Cherries, Blueberries, Grape Fruit, Mango Stem, Ram Bhutan, Longan, Dates, Tamarind and so on.

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