Sagardeep Alloys (NSE:SAGARDEEP) Interest Expense

: ₹-4.0 Mil (TTM As of Mar. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sagardeep Alloys's interest expense for the three months ended in Mar. 2023 was ₹ -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-4.0 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. Sagardeep Alloys's Operating Income for the three months ended in Mar. 2023 was ₹ 6.4 Mil. Sagardeep Alloys's Interest Expense for the three months ended in Mar. 2023 was ₹ -0.7 Mil. Sagardeep Alloys's Interest Coverage for the quarter that ended in Mar. 2023 was 9.02. 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.

Sagardeep Alloys Interest Expense Historical Data

The historical data trend for Sagardeep Alloys'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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Sagardeep Alloys Annual Data

Trend

Mar11

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-9.88

-9.34

-7.96

-9.18

-4.39

Sagardeep Alloys Quarterly Data
	Sep16	Mar17	Mar18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23
Interest Expense																-2.63	-1.36	-1.57	-1.76	-0.71

Sagardeep Alloys 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-4.0 Mil.

Sagardeep Alloys (NSE:SAGARDEEP) 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.

Sagardeep Alloys's Interest Expense for the three months ended in Mar. 2023 was ₹-0.7 Mil. Its Operating Income for the three months ended in Mar. 2023 was ₹6.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2023 was ₹11.5 Mil.

Sagardeep Alloys's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	6.378	/	-0.707
	=	9.02

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

Sagardeep Alloys (NSE:SAGARDEEP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sagardeep Alloys Ltd (NSE:SAGARDEEP) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khatraj Road, Plot number 2070, Rajnagar Patia, Santej, Santej Kalol, Gandhinagar, GJ, IND, 382721

Website

https://www.sdalloys.com

Sagardeep Alloys Ltd manufactures basic precious and non-ferrous alloys. It is also a wholesaler of metal and metal ores. It is engaged in the manufacturing and trading of copper and brass products such as pipes and tubes and the trading of stainless steel, copper, brass, and other metal product. Its product offering consists of Gilding Metal, Commercial Bronze, Red Brass, Low Brass, Cartridge Brass, Yellow Brass, Muntz Metal, Cupro Nickel Tubes and Pipe, Cupro Nickel Rods, Stainless Steel Scrap Grades, Stainless Steel Pipes and Tubes, Stainless Steel Sheets / Plates, Stainless Steel Coils, Stainless Steel Bars, Copper Pipes and Tubes, Copper Flats, Copper Coils, Copper Rod, Copper Anodes / Nuggets, Copper Plates, Oxygen Free Copper.

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