Mac Hotels (BOM:541973) Interest Expense : ₹-2.21 Mil (TTM As of Sep. 2023)

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What is Mac Hotels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mac Hotels's interest expense for the six months ended in Sep. 2023 was ₹ -1.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-2.21 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. Mac Hotels's Operating Income for the six months ended in Sep. 2023 was ₹ -8.33 Mil. Mac Hotels's Interest Expense for the six months ended in Sep. 2023 was ₹ -1.14 Mil. Mac Hotels 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.

Mac Hotels Interest Expense Historical Data

The historical data trend for Mac Hotels'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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Mac Hotels Interest Expense Chart

Mac Hotels Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-2.50

-2.09

-1.88

-1.99

-2.09

Mac Hotels Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Interest Expense	Get a 7-Day Free Trial										-1.18	-0.81	-1.02	-1.07	-1.14

Mac Hotels 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 ₹-2.21 Mil.

Mac Hotels (BOM:541973) 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.

Mac Hotels's Interest Expense for the six months ended in Sep. 2023 was ₹-1.14 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹-8.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹19.41 Mil.

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

Mac Hotels did not have earnings to cover the interest expense.

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Mac Hotels Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Mac Hotels (BOM:541973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Mac Hotels Ltd (BOM:541973) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beach Plaza (Annexee), Mac Corporate House, First Floor, Nomxin, Caranzalem, Ilhas, Panji, GA, IND, 403 001

Website

https://www.machotels.net

Mac Hotels Ltd is principal engaged in the business of owning, operating and managing hotels, restaurants and resorts in Goa. It operates and manages one resort under the name Resort Park Avenue in Goa. Its revenue sources comprise Room Revenue and Food and Beverage Sale.

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