Olectra Greentech (NSE:OLECTRA) Interest Expense : ₹-431 Mil (TTM As of Mar. 2024)

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What is Olectra Greentech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Olectra Greentech's interest expense for the three months ended in Mar. 2024 was ₹ -131 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-431 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. Olectra Greentech's Operating Income for the three months ended in Mar. 2024 was ₹ 248 Mil. Olectra Greentech's Interest Expense for the three months ended in Mar. 2024 was ₹ -131 Mil. Olectra Greentech's Interest Coverage for the quarter that ended in Mar. 2024 was 1.90. 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.

Olectra Greentech Interest Expense Historical Data

The historical data trend for Olectra Greentech'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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Olectra Greentech Interest Expense Chart

Olectra Greentech Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-89.50

-25.66

-48.55

-314.27

-430.53

Olectra Greentech 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															-77.31	-72.37	-97.02	-130.58	-130.57

Olectra Greentech 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 ₹-431 Mil.

Olectra Greentech (NSE:OLECTRA) 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.

Olectra Greentech's Interest Expense for the three months ended in Mar. 2024 was ₹-131 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹248 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹92 Mil.

Olectra Greentech'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	*	247.856	/	-130.566
	=	1.90

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

Olectra Greentech (NSE:OLECTRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Olectra Greentech Ltd (NSE:OLECTRA) » Definitions » Interest Expense

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532439:India

Address

Technocrat Industrial Estate Balanagar, S-22, 2nd and 3rd Floor, Hyderabad, TG, IND, 500037

Website

http://www.olectra.com

Olectra Greentech Ltd is engaged in the manufacturing of Polymer Insulators, Electric Trucks and Electric Buses in India. The company's operating segment includes the Insulator, Electric Trucks, and Electric Bus segment. It generates maximum revenue from the Electric Bus segment.

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