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Empire Industries (BOM:509525) Interest Expense : ₹-268 Mil (TTM As of Mar. 2024)


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What is Empire Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Empire Industries's interest expense for the three months ended in Mar. 2024 was ₹ -84 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-268 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. Empire Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 186 Mil. Empire Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -84 Mil. Empire Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 2.21. 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.

Empire Industries Interest Expense Historical Data

The historical data trend for Empire Industries'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.

Empire Industries Interest Expense Chart

Empire Industries 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 -275.40 -330.63 -251.07 -332.25 -267.80

Empire Industries 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 -108.86 -55.57 -75.42 -52.70 -84.12

Empire Industries 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 ₹-268 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.

Empire Industries  (BOM:509525) 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.

Empire Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-84 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹186 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹660 Mil.

Empire Industries'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*186.285/-84.115
=2.21

* 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.

Empire Industries (BOM:509525) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Empire Industries Ltd (BOM:509525) » Definitions » Interest Expense
Comparable Companies
BOM:542725 BOM:535136 BOM:507836 BOM:512229 BOM:540980 BOM:512531 BOM:500780 BOM:533260 BOM:517556 BOM:530299 ADX:IHC HON TSE:8058 TSE:8031 TSE:6501 TSE:8001 ADX:ALPHADHABI MMM TSE:8002 HKSE:00267
Traded in Other Exchanges
N/A
Address
414, Senapati Bapat Marg, Empire Complex, Lower Parel, Mumbai, MH, IND, 400 013
Website
https://www.empiremumbai.com
Empire Industries Ltd is a multi-divisional company engaged in different businesses. Its segments are Manufacturing - comprising of manufacturing glass bottles; Trading, Business Support Services, Consultancy, Commission; and Property development. The company derives revenue primarily from the business of manufacturing of container glass, trading in frozen foods, indenting and real estate. It also imports frozen foods from the global market and distributes them to hotels, provides office space on a leave and license basis to companies and banks, develops residential, and provides workspace solutions to clients. The company operates in India and internationally.

Empire Industries (BOM:509525) Headlines

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