Salvo Chemical Industry (DHA:SALVOCHEM) Interest Expense : BDT-90 Mil (TTM As of Dec. 2023)

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What is Salvo Chemical Industry Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Salvo Chemical Industry's interest expense for the three months ended in Dec. 2023 was BDT -23 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was BDT-90 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. Salvo Chemical Industry's Operating Income for the three months ended in Dec. 2023 was BDT 67 Mil. Salvo Chemical Industry's Interest Expense for the three months ended in Dec. 2023 was BDT -23 Mil. Salvo Chemical Industry's Interest Coverage for the quarter that ended in Dec. 2023 was 2.89. 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.

Salvo Chemical Industry Interest Expense Historical Data

The historical data trend for Salvo Chemical Industry'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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Salvo Chemical Industry Interest Expense Chart

Salvo Chemical Industry Annual Data

Trend

Dec12

Dec13

Dec15

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-60.36

-66.63

-63.57

-80.47

-86.64

Salvo Chemical Industry Quarterly Data
	Mar19	Jun19	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															-19.14	-16.02	-32.88	-18.16	-23.09

Salvo Chemical Industry 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 BDT-90 Mil.

Salvo Chemical Industry (DHA:SALVOCHEM) 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.

Salvo Chemical Industry's Interest Expense for the three months ended in Dec. 2023 was BDT-23 Mil. Its Operating Income for the three months ended in Dec. 2023 was BDT67 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was BDT493 Mil.

Salvo Chemical Industry'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	*	66.762	/	-23.087
	=	2.89

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

Salvo Chemical Industry (DHA:SALVOCHEM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Salvo Chemical Industry Ltd (DHA:SALVOCHEM) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 210-211, Nawabpur Road, Suite number 401, 3rd floor, Dhaka, BGD, 1100

Website

https://www.salvochemical.com

Salvo Chemical Industry Ltd mainly engages in the manufacturing of sulphuric acid and liquid Glucose. In addition to that, the company also produces battery-grade water, Magnesium and zinc sulfate, starch, etc. Sulphuric Acid is used to produce ferrous sulfate, alum, etc, Additionally, it is used in the manufacturing of plasticizers, dyestuffs, explosives, silicate for toothpaste, adhesives, rubbers, edible oils, lubricants, the production of food acids. The segments of the company include Sulphuric Acid and battery-grade water, Starch & by- product, and Liquid Glucose. The majority of revenue is generated from the Starch & by-product segment.

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