Shalimar Paints (NSE:SHALPAINTS) Interest Expense : ₹-147 Mil (TTM As of Dec. 2023)

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What is Shalimar Paints Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shalimar Paints's interest expense for the three months ended in Dec. 2023 was ₹ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-147 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. Shalimar Paints's Operating Income for the three months ended in Dec. 2023 was ₹ -107 Mil. Shalimar Paints's Interest Expense for the three months ended in Dec. 2023 was ₹ -25 Mil. Shalimar Paints 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.

Shalimar Paints Interest Expense Historical Data

The historical data trend for Shalimar Paints'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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Shalimar Paints Interest Expense Chart

Shalimar Paints Annual Data

Trend

Mar14

Mar15

Mar16

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Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-219.53

-174.84

-170.04

-222.80

-159.00

Shalimar Paints 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															-36.00	-38.70	-39.70	-43.30	-24.90

Shalimar Paints 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 ₹-147 Mil.

Shalimar Paints (NSE:SHALPAINTS) 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.

Shalimar Paints's Interest Expense for the three months ended in Dec. 2023 was ₹-25 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹-107 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Shalimar Paints's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Shalimar Paints did not have earnings to cover the interest expense.

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

Shalimar Paints (NSE:SHALPAINTS) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shalimar Paints Ltd (NSE:SHALPAINTS) » Definitions » Interest Expense

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509874:India

Address

Sector 32, 1st Floor, Plot No. 28, Gurugram, HR, IND, 122001

Website

https://www.shalimarpaints.com

Shalimar Paints Ltd is an Indian based firm that engaged in the manufacturing and distribution of Paints, Varnishes, Enamels, and Lacquers products. The company operates into one segment that is Paints. Its product offerings comprise Interior walls paint, Exterior walls paint, Metal surfaces, Wooden surfaces, distempers, primers, putty, Heavy-duty protective coating, GI coating, packaging coating, and Marine coatings, and cement-based products.

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