Lorenzini Apparels (BOM:540952) Interest Expense

: ₹-13.4 Mil (TTM As of Sep. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lorenzini Apparels's interest expense for the six months ended in Sep. 2023 was ₹ -6.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-13.4 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. Lorenzini Apparels's Operating Income for the six months ended in Sep. 2023 was ₹ 41.7 Mil. Lorenzini Apparels's Interest Expense for the six months ended in Sep. 2023 was ₹ -6.2 Mil. Lorenzini Apparels's Interest Coverage for the quarter that ended in Sep. 2023 was 6.72. 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.

Lorenzini Apparels Interest Expense Historical Data

The historical data trend for Lorenzini Apparels'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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Lorenzini Apparels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-2.13

-4.19

-5.74

-8.88

-12.60

Lorenzini Apparels Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial												-2.83	-6.05	-5.36	-7.24	-6.20

Lorenzini Apparels 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-13.4 Mil.

Lorenzini Apparels (BOM:540952) 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.

Lorenzini Apparels's Interest Expense for the six months ended in Sep. 2023 was ₹-6.2 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹41.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹58.6 Mil.

Lorenzini Apparels's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	41.677	/	-6.203
	=	6.72

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

Lorenzini Apparels (BOM:540952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lorenzini Apparels Ltd (BOM:540952) » Definitions » Interest Expense

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LAL:India

Address

C-64, Okhla Industrial Area Phase - I, New Delhi, Delhi, IND, 110020

Website

https://www.mymonteil.com

Lorenzini Apparels Ltd is engaged in the business of manufacturing, designing, and marketing ready-made garments in India. The company offers formal, semi-formal, and casual wear for men and women casual wear under the brand names Monteil and Munero Monteil, and Calgari. Its products include jeans, shirts, jackets, t-shirts, trousers, sweatshirts, sweaters, blazers, waistcoats, shorts, and capris. In addition, the company also outsources the garments manufacturing on a work basis from third-party contractors.

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