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High Energy Batteries (India) (BOM:504176) Interest Expense : ₹-13.3 Mil (TTM As of Mar. 2024)


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What is High Energy Batteries (India) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. High Energy Batteries (India)'s interest expense for the three months ended in Mar. 2024 was ₹ 2.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-13.3 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. High Energy Batteries (India)'s Operating Income for the three months ended in Mar. 2024 was ₹ 90.0 Mil. High Energy Batteries (India)'s Interest Expense for the three months ended in Mar. 2024 was ₹ 2.7 Mil. High Energy Batteries (India) did not have earnings to cover the interest expense. 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.

High Energy Batteries (India) Interest Expense Historical Data

The historical data trend for High Energy Batteries (India)'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.

High Energy Batteries (India) Interest Expense Chart

High Energy Batteries (India) 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 -47.00 -42.12 -25.48 -25.96 -13.35

High Energy Batteries (India) 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 -3.60 -7.39 -5.00 -3.61 2.66

High Energy Batteries (India) 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 ₹-13.3 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.

High Energy Batteries (India)  (BOM:504176) 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.

High Energy Batteries (India)'s Interest Expense for the three months ended in Mar. 2024 was ₹2.7 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹90.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.0 Mil.

High Energy Batteries (India)'s Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

* 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.

High Energy Batteries (India) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » High Energy Batteries (India) Ltd (BOM:504176) » Definitions » Interest Expense
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BOM:522229 BOM:543920 BOM:523606 BOM:537669 BOM:509563 BOM:540879 BOM:543367 BOM:543650 RTX LMT BA XPAR:AIR NOC GD XPAR:SAF TDG LSE:BA. LHX XPAR:HO LSE:RR.
Traded in Other Exchanges
N/A
Address
No. 13, Old Mahabalipuram Road, Esvin House, Seevaram Village, Perungudi, Chennai, TN, IND, 600 096
Website
https://www.highenergy.co.in
High Energy Batteries (India) Ltd is engaged in the manufacturing of high technology batteries for use in the army, navy, airforce, and launch vehicles and also commercial batteries for auto and standby valve-regulated Lead-acid battery applications. It is organized into two major business segments - Aerospace, Naval, and Power System Batteries segment and Lead Acid Batteries segment. The company also exports its products to various countries. The aerospace, Naval, and Power System Batteries segment generates maximum revenue for the company.

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