Titaanium Ten Enterprise (BOM:539985) Interest Expense : ₹-44 Mil (TTM As of Mar. 2024)

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What is Titaanium Ten Enterprise Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Titaanium Ten Enterprise's interest expense for the six months ended in Mar. 2024 was ₹ -20 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. Titaanium Ten Enterprise's Operating Income for the six months ended in Mar. 2024 was ₹ 32 Mil. Titaanium Ten Enterprise's Interest Expense for the six months ended in Mar. 2024 was ₹ -20 Mil. Titaanium Ten Enterprise's Interest Coverage for the quarter that ended in Mar. 2024 was 1.55. 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.

Titaanium Ten Enterprise Interest Expense Historical Data

The historical data trend for Titaanium Ten Enterprise'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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Titaanium Ten Enterprise Interest Expense Chart

Titaanium Ten Enterprise Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-28.41

-30.91

-25.41

-40.39

-43.62

Titaanium Ten Enterprise Semi-Annual Data
	Mar14	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															-11.23	-19.58	-20.80	-23.14	-20.48

Titaanium Ten Enterprise 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 ₹-44 Mil.

Titaanium Ten Enterprise (BOM:539985) 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.

Titaanium Ten Enterprise's Interest Expense for the six months ended in Mar. 2024 was ₹-20 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹32 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹66 Mil.

Titaanium Ten Enterprise'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	*	31.769	/	-20.48
	=	1.55

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

Titaanium Ten Enterprise (BOM:539985) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Titaanium Ten Enterprise Ltd (BOM:539985) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Ring Road, Shop No. 901/914, 9th Floor, Rajhans Complex, Beside Nirmal Children Hospital, Surat, GJ, IND, 395002

Website

http://www.titaaniumten.co.in

Titaanium Ten Enterprise Ltd operates in the textile industry. The company is mainly engaged in the trading of yarn, grey cloth, and knitted fabrics as well as manufacturing of knitted fabrics. It operates through Textile and Logistic segments. The firm generates majority revenue from the Textile segment.

Titaanium Ten Enterprise (BOM:539985) Headlines

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