Millat Tractors (KAR:MTL) Interest Expense : ₨-1,376 Mil (TTM As of Mar. 2024)

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What is Millat Tractors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Millat Tractors's interest expense for the three months ended in Mar. 2024 was ₨ -299 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-1,376 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. Millat Tractors's Operating Income for the three months ended in Mar. 2024 was ₨ 4,672 Mil. Millat Tractors's Interest Expense for the three months ended in Mar. 2024 was ₨ -299 Mil. Millat Tractors's Interest Coverage for the quarter that ended in Mar. 2024 was 15.61. 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.

Millat Tractors Interest Expense Historical Data

The historical data trend for Millat Tractors'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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Millat Tractors Interest Expense Chart

Millat Tractors Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-115.43

-349.22

-68.33

-347.75

-1,640.38

Millat Tractors 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															-424.23	-601.93	-281.23	-193.91	-299.36

Millat Tractors 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 ₨-1,376 Mil.

Millat Tractors (KAR:MTL) 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.

Millat Tractors's Interest Expense for the three months ended in Mar. 2024 was ₨-299 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨4,672 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨851 Mil.

Millat Tractors'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	*	4672.36	/	-299.364
	=	15.61

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

Millat Tractors (KAR:MTL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Millat Tractors Ltd (KAR:MTL) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

9-KM Sheikhupura Road, Shahdara, P.O Box No. 12023, District Sheikhupura, Lahore, PAK

Website

https://www.millat.com.pk

Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing agricultural tractors, implements and multi-application products. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.