Bhakti Gems and Jewellery (BOM:540545) Interest Expense : ₹-7.7 Mil (TTM As of Dec. 2023)

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What is Bhakti Gems and Jewellery Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bhakti Gems and Jewellery's interest expense for the three months ended in Dec. 2023 was ₹ -1.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-7.7 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. Bhakti Gems and Jewellery's Operating Income for the three months ended in Dec. 2023 was ₹ 4.2 Mil. Bhakti Gems and Jewellery's Interest Expense for the three months ended in Dec. 2023 was ₹ -1.9 Mil. Bhakti Gems and Jewellery's Interest Coverage for the quarter that ended in Dec. 2023 was 2.18. 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.

Bhakti Gems and Jewellery Interest Expense Historical Data

The historical data trend for Bhakti Gems and Jewellery'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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Bhakti Gems and Jewellery Interest Expense Chart

Bhakti Gems and Jewellery Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1.25

-0.68

-0.91

-5.06

-8.58

Bhakti Gems and Jewellery Quarterly Data
	Sep18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.08	-4.50	-0.45	-0.79	-1.94

Bhakti Gems and Jewellery 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-7.7 Mil.

Bhakti Gems and Jewellery (BOM:540545) 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.

Bhakti Gems and Jewellery's Interest Expense for the three months ended in Dec. 2023 was ₹-1.9 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹4.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

Bhakti Gems and Jewellery's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	4.216	/	-1.937
	=	2.18

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

Bhakti Gems and Jewellery (BOM:540545) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Bhakti Gems and Jewellery Ltd (BOM:540545) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

C G Road, Ahmedabad Ashram Road, FF/02, 413/1 Kalp BhaktiHouse, Near NarayanSociety, Behind Axis Bank, Ahmedabad, GJ, IND, 380009

Website

https://www.bhaktijewellery.com

Bhakti Gems and Jewellery Ltd is a manufacturer, wholesaler and supplier of gold jewellery. It focuses on traditional Indian jewellery including handmade gold jewellery studded with precious and semi-precious stones such as diamond, ruby, and cubic zirconia. Some of its products are rings, chains, toe rings, earrings, anklets, and pendants, among others.

Bhakti Gems and Jewellery (BOM:540545) Headlines

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