Permanent Magnets (BOM:504132) Interest Expense : ₹-23 Mil (TTM As of Mar. 2024)

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What is Permanent Magnets Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Permanent Magnets's interest expense for the three months ended in Mar. 2024 was ₹ -11 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-23 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. Permanent Magnets's Operating Income for the three months ended in Mar. 2024 was ₹ 35 Mil. Permanent Magnets's Interest Expense for the three months ended in Mar. 2024 was ₹ -11 Mil. Permanent Magnets's Interest Coverage for the quarter that ended in Mar. 2024 was 3.12. 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.

Permanent Magnets Interest Expense Historical Data

The historical data trend for Permanent Magnets'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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Permanent Magnets Interest Expense Chart

Permanent Magnets Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-9.73

-7.29

-7.21

-9.09

-22.80

Permanent Magnets 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															-	-1.80	-1.70	-8.10	-11.20

Permanent Magnets 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 ₹-23 Mil.

Permanent Magnets (BOM:504132) 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.

Permanent Magnets's Interest Expense for the three months ended in Mar. 2024 was ₹-11 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹35 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹183 Mil.

Permanent Magnets'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	*	34.9	/	-11.2
	=	3.12

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

Permanent Magnets (BOM:504132) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Permanent Magnets Ltd (BOM:504132) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Plot No. B-3, MIDC Industrial Area, Village Mira, Mira Road (East), Thane, MH, IND, 401107

Website

https://www.pmlindia.com

Permanent Magnets Ltd is an Indian based company. It is engaged in the manufacturing of cast magnets and parts and accessories for electricity meters and its application. The magnets are used in electronics, electricity meters, automobile industries, telecommunication, defense, space research, aeronautics, railways, and electricity generation industries. Its product portfolio includes magnetic assemblies, shunts, brass terminals, magnetic separators, electromagnets, alnico magnets, and others. The company derives the majority of its revenue from sales of parts and accessories of the electricity meter. The company operates in one single segment which is Engineering and Current Sensing application.

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