PTL Enterprises (BOM:509220) Interest Expense : ₹-26.5 Mil (TTM As of Sep. 2024)

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What is PTL Enterprises Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. PTL Enterprises's interest expense for the three months ended in Sep. 2024 was ₹ -13.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-26.5 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. PTL Enterprises's Operating Income for the three months ended in Sep. 2024 was ₹ 140.9 Mil. PTL Enterprises's Interest Expense for the three months ended in Sep. 2024 was ₹ -13.2 Mil. PTL Enterprises's Interest Coverage for the quarter that ended in Sep. 2024 was 10.70. 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.

PTL Enterprises Interest Expense Historical Data

The historical data trend for PTL Enterprises'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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PTL Enterprises Interest Expense Chart

PTL Enterprises Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-21.19

-70.38

-73.10

-67.26

-56.86

PTL Enterprises Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-14.26	-14.09	-	-13.35	-13.18

PTL Enterprises 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 ₹-26.5 Mil.

PTL Enterprises (BOM:509220) 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.

PTL Enterprises's Interest Expense for the three months ended in Sep. 2024 was ₹-13.2 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹140.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹91.9 Mil.

PTL Enterprises'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	*	140.948	/	-13.176
	=	10.70

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

PTL Enterprises Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » PTL Enterprises Ltd (BOM:509220) » Definitions » Interest Expense

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Traded in Other Exchanges

PTL:India

Address

Apollo House, 7 Institutional Area, Sector-32, Gurgaon, HR, IND, 122001

Website

https://www.ptlenterprise.com

PTL Enterprises Ltd through its subsidiaries is engaged in the leasing of its tyre manufacturing plant. The business activity of the group functions through leasing of the Plant segment. The Lease segment consists of the income from the lease of the Plant to Apollo Tyres. The truck-bus, cross-ply tires manufactured at the company's plant, which are leased to Apollo Tyres under the brand name Apollo, which are sold by Apollo Tyres. Geographically, all the activities function through the regions of India.

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