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Prime Securities (BOM:500337) Interest Expense : ₹-1.4 Mil (TTM As of Mar. 2024)


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What is Prime Securities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prime Securities's interest expense for the three months ended in Mar. 2024 was ₹ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1.4 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. Prime Securities's Operating Income for the three months ended in Mar. 2024 was ₹ 9.0 Mil. Prime Securities's Interest Expense for the three months ended in Mar. 2024 was ₹ -0.2 Mil. Prime Securities's Interest Coverage for the quarter that ended in Mar. 2024 was 45.00. 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.

Prime Securities Interest Expense Historical Data

The historical data trend for Prime Securities'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.

* Premium members only.

Prime Securities Interest Expense Chart

Prime Securities Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.20 -3.80 -4.30 -5.70 -1.40

Prime Securities 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.80 -0.60 -0.20 -0.40 -0.20

Prime Securities 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 ₹-1.4 Mil.

* 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.

Prime Securities  (BOM:500337) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Prime Securities's Interest Expense for the three months ended in Mar. 2024 was ₹-0.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹9.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.0 Mil.

Prime Securities'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*9/-0.2
=45.00

* 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.

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

Good Sign:

Prime Securities Ltd has no debt.

Prime Securities (BOM:500337) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Prime Securities Ltd (BOM:500337) » Definitions » Interest Expense
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Traded in Other Exchanges
PRIMESECU:India
Address
1109/1110, Maker Chambers V, Nariman Point, Mumbai, MH, IND, 400021
Website
https://www.primesec.com
Prime Securities Ltd is engaged in the provision of investment banking and corporate advisory services. The business activity of the group is operated through - Financial Advisory & Intermediation services and Brokerage from Mutual Fund distribution. The company is in providing value-added advice and services to clients on complex strategic and financial decisions and transactions focused on fundraising, mergers and acquisitions, equity and debt private placements, initial public offerings, corporate advisory, and capital restructuring. The company's business segment is providing merchant banking and advisory services. Geographically, all the activities function throughout the region of India.

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