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Ester Industries (NSE:ESTER) Interest Expense : ₹-704 Mil (TTM As of Mar. 2024)


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What is Ester Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ester Industries's interest expense for the three months ended in Mar. 2024 was ₹ -180 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-704 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. Ester Industries's Operating Income for the three months ended in Mar. 2024 was ₹ -118 Mil. Ester Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -180 Mil. Ester Industries did not have earnings to cover the interest expense. 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.

Ester Industries Interest Expense Historical Data

The historical data trend for Ester Industries'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.

* Premium members only.

Ester Industries Interest Expense Chart

Ester Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -232.86 -173.42 -248.75 -363.35 -703.63

Ester Industries 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -137.87 -167.56 -177.09 -179.20 -179.78

Ester Industries 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 ₹-704 Mil.

* 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.

Ester Industries  (NSE:ESTER) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Ester Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-180 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-118 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹4,385 Mil.

Ester Industries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Ester Industries did not have earnings to cover the interest expense.

* 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.

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

Ester Industries (NSE:ESTER) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ester Industries Ltd (NSE:ESTER) » Definitions » Interest Expense
Comparable Companies
BOM:524129 BOM:530475 BOM:506532 NSE:KOTHARIPET BOM:500777 BOM:514183 BOM:542655 BOM:523648 BOM:533320 BOM:524542 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
500136:India
Address
Plot No. 11, Block-A, Infocity-I, Sector 34, Gurgaon, HR, IND, 122001
Website
https://www.esterindustries.com
Ester Industries Ltd is engaged in the manufacturing of polyester films, specialty polymers, and engineering plastic compounds. It operates through three segments; Polyester chips and film; Speciality Polymers and Engineering Plastics. The company generates maximum revenue from the Polyester chips and film segment. The Polyester chips and film segment is used in primarily flexible packaging and other industrial applications. It serves food packaging; beverage packaging; home and personal care; industrial packaging; construction; automotive; electrical and electronics, carpet, and other industries. Geographically, it derives a majority of its revenue from India.

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