Panama Petrochem (NSE:PANAMAPET) Interest Expense : ₹-132 Mil (TTM As of Dec. 2023)

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What is Panama Petrochem Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Panama Petrochem's interest expense for the three months ended in Dec. 2023 was ₹ -43 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-132 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. Panama Petrochem's Operating Income for the three months ended in Dec. 2023 was ₹ 534 Mil. Panama Petrochem's Interest Expense for the three months ended in Dec. 2023 was ₹ -43 Mil. Panama Petrochem's Interest Coverage for the quarter that ended in Dec. 2023 was 12.57. 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.

Panama Petrochem Interest Expense Historical Data

The historical data trend for Panama Petrochem'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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Panama Petrochem Interest Expense Chart

Panama Petrochem Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-207.48

-153.07

-56.79

-28.40

-78.90

Panama Petrochem 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															-27.90	-3.80	-42.60	-43.10	-42.50

Panama Petrochem 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 ₹-132 Mil.

Panama Petrochem (NSE:PANAMAPET) 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.

Panama Petrochem's Interest Expense for the three months ended in Dec. 2023 was ₹-43 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹534 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Panama Petrochem'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	*	534.4	/	-42.5
	=	12.57

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

Panama Petrochem (NSE:PANAMAPET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Panama Petrochem Ltd (NSE:PANAMAPET) » Definitions » Interest Expense

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524820:India

Address

24, Turner Road, No. 401, Aza House, Next to Andhra Bank, Bandra (West), Mumbai, MH, IND, 400 050

Website

https://www.panamapetro.com

Panama Petrochem Ltd manufactures and exports petroleum specialty products. Its products are white oil/liquid paraffin oil, petroleum jelly, transformer oil, rubber process oil, industrial oils and greases, drilling fluids, and others. The products are used in inks and resins, printing, textiles, rubber, pharmaceuticals, cosmetics, power, cables, and for other industrial purposes. The geographical segment of the sales is divided into two segments Domestic and Overseas.

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