Kitex Garments (NSE:KITEX) Interest Expense : ₹-73 Mil (TTM As of Mar. 2024)

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What is Kitex Garments Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kitex Garments's interest expense for the three months ended in Mar. 2024 was ₹ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-73 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. Kitex Garments's Operating Income for the three months ended in Mar. 2024 was ₹ 294 Mil. Kitex Garments's Interest Expense for the three months ended in Mar. 2024 was ₹ -28 Mil. Kitex Garments's Interest Coverage for the quarter that ended in Mar. 2024 was 10.35. 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.

Kitex Garments Interest Expense Historical Data

The historical data trend for Kitex Garments'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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Kitex Garments Interest Expense Chart

Kitex Garments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-66.84

-20.67

-30.07

-44.72

-73.32

Kitex Garments 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															-0.85	-8.50	-17.51	-18.88	-28.43

Kitex Garments 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 ₹-73 Mil.

Kitex Garments (NSE:KITEX) 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.

Kitex Garments's Interest Expense for the three months ended in Mar. 2024 was ₹-28 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹294 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹6,047 Mil.

Kitex Garments'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	*	294.374	/	-28.43
	=	10.35

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

Kitex Garments (NSE:KITEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kitex Garments Ltd (NSE:KITEX) » Definitions » Interest Expense

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521248:India

Address

P.B. No. 5, Kizhakkambalam, Building No. 9/536 A, Aluva, Ernakulam, Kochi, KL, IND, 683562

Website

https://www.kitexgarments.com

Kitex Garments Ltd manufactures cotton garments and fabrics. Garments account for the company's revenue and focus on infant wear such as body suits, sleepwear, rompers, burps, bibs, and training pants. Kitex manufactures the products for companies such as Carters, Gerber, Mothercare, Jockey, Children's Place, Kohl's, and Toys R. The company also owns the Little Star brand and licenses the Lamaze brand for distribution in the United States and Canada. Kitex exports almost all the garments it produces, which it manufactures in India, to the United States and Europe.

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