Trident (BOM:521064) Interest Expense : ₹-1,279 Mil (TTM As of Dec. 2023)

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What is Trident Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trident's interest expense for the three months ended in Dec. 2023 was ₹ -402 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-1,279 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. Trident's Operating Income for the three months ended in Dec. 2023 was ₹ 1,710 Mil. Trident's Interest Expense for the three months ended in Dec. 2023 was ₹ -402 Mil. Trident's Interest Coverage for the quarter that ended in Dec. 2023 was 4.25. 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.

Trident Interest Expense Historical Data

The historical data trend for Trident'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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Trident Interest Expense Chart

Trident Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-1,096.20

-1,231.20

-795.50

-816.80

-778.90

Trident 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															-186.20	-206.50	-320.40	-350.10	-402.40

Trident 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 ₹-1,279 Mil.

Trident (BOM:521064) 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.

Trident's Interest Expense for the three months ended in Dec. 2023 was ₹-402 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹1,710 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Trident'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	*	1710.3	/	-402.4
	=	4.25

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

Trident (BOM:521064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Trident Ltd (BOM:521064) » Definitions » Interest Expense

Traded in Other Exchanges

TRIDENT:India

Address

E-212, Kitchlu Nagar, Ludhiana, PB, IND, 141 001

Website

https://www.tridentindia.com

Trident Ltd is a terry towel and wheat straw-based manufacturer in India. The company through its subsidiaries operates through the below segments: Yarn, Towel, Bedsheets and Paper & Chemicals. The firm generates a majority of its revenue from the Towel segment. The group offers a variety of products such as solid bath sets, beach towels, embroidered towels, bath mats, bathrobes, duvet covers, cushion covers, blended yarn, drawing paper under Trident Spectra, Trident My Choice, Trident Digi Print, Trident Royal Touch, Trident Eco Green, and Trident Natural brands. Its geographical segments include India, the USA, and the Rest of the world.

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