Rapicut Carbides (BOM:500360) Interest Expense : ₹-4.8 Mil (TTM As of Mar. 2024)

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What is Rapicut Carbides Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rapicut Carbides's interest expense for the three months ended in Mar. 2024 was ₹ -1.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-4.8 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. Rapicut Carbides's Operating Income for the three months ended in Mar. 2024 was ₹ 6.6 Mil. Rapicut Carbides's Interest Expense for the three months ended in Mar. 2024 was ₹ -1.4 Mil. Rapicut Carbides's Interest Coverage for the quarter that ended in Mar. 2024 was 4.72. 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.

Rapicut Carbides Interest Expense Historical Data

The historical data trend for Rapicut Carbides'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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Rapicut Carbides Interest Expense Chart

Rapicut Carbides Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3.27

-0.84

-1.28

-2.93

-4.81

Rapicut Carbides 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															-0.98	-0.47	-1.20	-1.74	-1.40

Rapicut Carbides 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 ₹-4.8 Mil.

Rapicut Carbides (BOM:500360) 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.

Rapicut Carbides's Interest Expense for the three months ended in Mar. 2024 was ₹-1.4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹6.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.0 Mil.

Rapicut Carbides'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	*	6.602	/	-1.398
	=	4.72

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

Rapicut Carbides (BOM:500360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rapicut Carbides Ltd (BOM:500360) » Definitions » Interest Expense

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Address

On National Highway BOM-AHM, Plot Number 119, GIDC Industrial Area, Ankleshwar, GJ, IND, 393 002

Website

http://www.rapicutcarbides.com

Rapicut Carbides Ltd is engaged in manufacturing Tungsten Carbide Tips, Inserts and other Carbide products from ore stage. It manufactures a wide range of Tungsten Carbide products such as Tungsten Carbide Tips, Tungsten Carbide Inserts, Wire Drawing Nibs, Bar and Tube drawing Pellets, Tungsten Carbide Rings, Flats, Jute Eyelets, Solid Carbide Cutters and a wide range of Tool Room Products. Geographically the company derives key revenue from India.

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