Parnax Lab (BOM:506128) Interest Expense : ₹-53 Mil (TTM As of Mar. 2024)

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What is Parnax Lab Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Parnax Lab's interest expense for the three months ended in Mar. 2024 was ₹ -14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-53 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. Parnax Lab's Operating Income for the three months ended in Mar. 2024 was ₹ 40 Mil. Parnax Lab's Interest Expense for the three months ended in Mar. 2024 was ₹ -14 Mil. Parnax Lab's Interest Coverage for the quarter that ended in Mar. 2024 was 2.81. 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.

Parnax Lab Interest Expense Historical Data

The historical data trend for Parnax Lab'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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Parnax Lab Interest Expense Chart

Parnax Lab Annual Data

Trend

Mar15

Mar16

Mar17

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Mar20

Mar21

Mar22

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Mar24

Interest Expense

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-44.53

-49.82

-51.69

-49.51

-53.46

Parnax Lab 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															-11.85	-11.57	-14.30	-13.51	-14.08

Parnax Lab 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 ₹-53 Mil.

Parnax Lab (BOM:506128) 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.

Parnax Lab's Interest Expense for the three months ended in Mar. 2024 was ₹-14 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹40 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹299 Mil.

Parnax Lab'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	*	39.51	/	-14.083
	=	2.81

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

Parnax Lab (BOM:506128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Parnax Lab Ltd (BOM:506128) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

104 - 107, Building No. 8, Gala No. 114, Jogani Industrial Complex, Panchsheel Nagar, Next to Modi Hyundai Service Centre, Chunabhatti, Sion, Mumbai, MH, IND, 400 022

Website

https://www.naxparlab.com

Parnax Lab Ltd is principally engaged in the manufacturing and export of Pharmaceutical Formulations. Its product categories include Pharmaceuticals; Cosmetics; Herbal and Nutraceuticals. The company is developing and delivering Oral Formulations such as Cough Expectorants, Antacids, Anti-Histamines, Multi-Vitamins, Enzyme Preparations, Pediatric Formulations, Special Formulations for Geriatrics, Highly Viscous Products, Suspensions, and others.

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