Vardhman Textiles (BOM:502986) Interest Expense : ₹-1,023 Mil (TTM As of Mar. 2024)

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What is Vardhman Textiles Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vardhman Textiles's interest expense for the three months ended in Mar. 2024 was ₹ -285 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,023 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. Vardhman Textiles's Operating Income for the three months ended in Mar. 2024 was ₹ 2,114 Mil. Vardhman Textiles's Interest Expense for the three months ended in Mar. 2024 was ₹ -285 Mil. Vardhman Textiles's Interest Coverage for the quarter that ended in Mar. 2024 was 7.41. 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.

Vardhman Textiles Interest Expense Historical Data

The historical data trend for Vardhman Textiles'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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Vardhman Textiles Interest Expense Chart

Vardhman Textiles Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

Mar20

Mar21

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Mar23

Mar24

Interest Expense

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-1,231.30

-989.80

-807.00

-1,021.50

-1,022.80

Vardhman Textiles 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															-304.20	-323.80	-220.10	-193.70	-285.20

Vardhman Textiles 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 ₹-1,023 Mil.

Vardhman Textiles (BOM:502986) 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.

Vardhman Textiles's Interest Expense for the three months ended in Mar. 2024 was ₹-285 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹2,114 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹4,139 Mil.

Vardhman Textiles'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	*	2114	/	-285.2
	=	7.41

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

Vardhman Textiles (BOM:502986) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vardhman Textiles Ltd (BOM:502986) » Definitions » Interest Expense

Traded in Other Exchanges

VTL:India

Address

Chandigarh Road, Vardhman Premises, Ludhiana, PB, IND, 141010

Website

https://www.vardhman.com

Vardhman Textiles Ltd is a manufacturer and seller of textiles and acrylic fiber. The company is based in India and generates about a quarter of revenue internationally. The company's largest revenue segment is textiles, which offers greige and dyed yarns in a number of fabrics such as cotton, polyester, acrylic, organic cotton, melange, cellulose, and synthetics. Vardhman Textiles provides fabrics for the apparel industry and home textiles and manufactures shirts for retail brands. In addition, the company offers hot-rolled bars for use in industries such as automotive, engineering, and allied industries.

Vardhman Textiles (BOM:502986) Headlines

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