Usha Martin (Usha Martin) Interest Expense : $-2.99 Mil (TTM As of Mar. 2024)

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What is Usha Martin Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Usha Martin's interest expense for the three months ended in Mar. 2024 was $ -0.80 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-2.99 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. Usha Martin's Operating Income for the three months ended in Mar. 2024 was $ 15.54 Mil. Usha Martin's Interest Expense for the three months ended in Mar. 2024 was $ -0.80 Mil. Usha Martin's Interest Coverage for the quarter that ended in Mar. 2024 was 19.37. 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.

Usha Martin Interest Expense Historical Data

The historical data trend for Usha Martin'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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Usha Martin Interest Expense Chart

Usha Martin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-8.55

-7.17

-5.04

-3.68

-2.99

Usha Martin 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															-0.97	-0.67	-0.77	-0.75	-0.80

Usha Martin 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 $-2.99 Mil.

Usha Martin (GREY:UHBTY) 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.

Usha Martin's Interest Expense for the three months ended in Mar. 2024 was $-0.80 Mil. Its Operating Income for the three months ended in Mar. 2024 was $15.54 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was $31.03 Mil.

Usha Martin'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	*	15.536	/	-0.802
	=	19.37

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

Usha Martin (Usha Martin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Usha Martin Ltd (GREY:UHBTY) » Definitions » Interest Expense

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USHAMART:India 517146:India

Address

2A, Shakespeare Sarani, Mangal Kalash, Kolkata, WB, IND, 700 071

Website

https://www.ushamartin.com

Usha Martin Ltd is engaged in the business of the production of wire rope. The company's operating segment includes Wire and wire ropes and others. It generates maximum revenue from the Wire and wire ropes segment. The wire and wire ropes segment manufactures and sells steel wires, strands, wire ropes, cords, related accessories, and others. Its Others segment includes the manufacturing and selling of wire drawing and allied machines and corporate office. Geographically, it derives a majority of revenue from India.

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