Garware Technical Fibres (NSE:GARFIBRES) Interest Expense : ₹-110 Mil (TTM As of Dec. 2023)

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What is Garware Technical Fibres Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Garware Technical Fibres's interest expense for the three months ended in Dec. 2023 was ₹ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-110 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. Garware Technical Fibres's Operating Income for the three months ended in Dec. 2023 was ₹ 467 Mil. Garware Technical Fibres's Interest Expense for the three months ended in Dec. 2023 was ₹ -29 Mil. Garware Technical Fibres's Interest Coverage for the quarter that ended in Dec. 2023 was 15.85. 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.

Garware Technical Fibres Interest Expense Historical Data

The historical data trend for Garware Technical Fibres'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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Garware Technical Fibres Interest Expense Chart

Garware Technical Fibres Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-100.55

-87.37

-75.73

-77.68

-81.95

Garware Technical Fibres 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															-28.09	5.18	-43.84	-42.23	-29.48

Garware Technical Fibres 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 ₹-110 Mil.

Garware Technical Fibres (NSE:GARFIBRES) 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.

Garware Technical Fibres's Interest Expense for the three months ended in Dec. 2023 was ₹-29 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹467 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Garware Technical Fibres'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	*	467.42	/	-29.484
	=	15.85

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

Garware Technical Fibres (NSE:GARFIBRES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Garware Technical Fibres Ltd (NSE:GARFIBRES) » Definitions » Interest Expense

Traded in Other Exchanges

509557:India

Address

Plot No. 11, Block D - 1, MIDC, Chinchwad, Pune, MH, IND, 411019

Website

https://www.garwarefibres.com

Garware Technical Fibres Ltd is involved in the textile business. The firm provides application-focused solutions for various sectors including deep-sea fishing, aquaculture, shipping, agriculture, sports, infrastructure, and transportation. Its operating segment includes Synthetic Cordage and Fibre and Industrial Products and Projects. The company generates maximum revenue from the Synthetic Cordage segment. Its products include ropes, twine, yarn, fishnet, and other nets.

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