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Garware Marine Industries (BOM:509563) Interest Expense : ₹-0.07 Mil (TTM As of Dec. 2024)


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What is Garware Marine Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Garware Marine Industries's interest expense for the three months ended in Dec. 2024 was ₹ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-0.07 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. Garware Marine Industries's Operating Income for the three months ended in Dec. 2024 was ₹ 0.79 Mil. Garware Marine Industries's Interest Expense for the three months ended in Dec. 2024 was ₹ -0.03 Mil. Garware Marine Industries's Interest Coverage for the quarter that ended in Dec. 2024 was 23.12. 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.

Garware Marine Industries Interest Expense Historical Data

The historical data trend for Garware Marine 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.

Garware Marine Industries Interest Expense Chart

Garware Marine Industries Annual Data
Trend Jun14 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.14 -0.13 -0.04 -0.01 -0.04

Garware Marine Industries Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 -0.01 -0.02 -0.01 -0.02 -0.03

Garware Marine 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-0.07 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.

Garware Marine Industries  (BOM:509563) 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.

Garware Marine Industries's Interest Expense for the three months ended in Dec. 2024 was ₹-0.03 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹0.79 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0.00 Mil.

Garware Marine Industries's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*0.786/-0.034
=23.12

* 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.

Garware Marine Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Garware Marine Industries Ltd (BOM:509563) » Definitions » Interest Expense
Comparable Companies
GE RTX BA XPAR:AIR LMT XPAR:SAF LSE:RR. TDG GD XTER:RHM NOC LSE:BA. HWM XPAR:HO AXON LHX BOM:541154 HEI.A MIL:LDO XPAR:AM
Traded in Other Exchanges
N/A
Address
D.N. Road, 03rd Floor, Prospect Chambers, Fort, Mumbai, MH, IND, 400 001
Website
https://www.garwaremarine.com
Garware Marine Industries Ltd is an India based company engaged in the repair of vessels. The principal product/service includes ship repair services. The ship repair services provided by the company include Pump overhauls, Engine overhaul Hydraulic repairs, Gear Box repair and Pipeline and other marine fabrication jobs.

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