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Nitta Gelatin India (BOM:506532) Interest Expense : ₹-22 Mil (TTM As of Sep. 2024)


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What is Nitta Gelatin India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Nitta Gelatin India's interest expense for the three months ended in Sep. 2024 was ₹ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-22 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. Nitta Gelatin India's Operating Income for the three months ended in Sep. 2024 was ₹ 219 Mil. Nitta Gelatin India's Interest Expense for the three months ended in Sep. 2024 was ₹ -2 Mil. Nitta Gelatin India's Interest Coverage for the quarter that ended in Sep. 2024 was 125.15. 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.

Nitta Gelatin India Interest Expense Historical Data

The historical data trend for Nitta Gelatin 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.

Nitta Gelatin India Interest Expense Chart

Nitta Gelatin 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 -52.65 -50.33 -47.89 -34.36 -24.00

Nitta Gelatin India Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -2.63 -2.38 -15.47 -2.01 -1.75

Nitta Gelatin 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-22 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.

Nitta Gelatin India  (BOM:506532) 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.

Nitta Gelatin India's Interest Expense for the three months ended in Sep. 2024 was ₹-2 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹219 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹40 Mil.

Nitta Gelatin India's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*219.129/-1.751
=125.15

* 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.

Nitta Gelatin India Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Nitta Gelatin India Ltd (BOM:506532) » Definitions » Interest Expense
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BOM:530475 BOM:500136 BOM:514183 BOM:524129 BOM:542655 NSE:KOTHARIPET BOM:523648 BOM:500777 BOM:524542 BOM:530803 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
N/A
Address
56/715, SBT Avenue, Post Box No. 4262, Panampilly Nagar, Kochi, KL, IND, 682 036
Website
https://www.gelatin.in
Nitta Gelatin India Ltd is an India-based manufacturer and seller of Gelatin, Di-Calcium Phosphate, Ossein and Collagen peptides. The company's product range includes Gelatin for pharmaceuticals and food applications, Wellnex collagen peptides for joint health and skin beauty, Di-Calcium Phosphate as a poultry feed ingredient, NutriGold as an agricultural growth promoter, and Ossein and Chitosan for agricultural and industrial applications. Geographically, the company sells its products in India and other countries.

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