Shardul Securities (BOM:512393) Interest Expense : ₹-4 Mil (TTM As of Mar. 2024)

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What is Shardul Securities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shardul Securities's interest expense for the three months ended in Mar. 2024 was ₹ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-4 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. Shardul Securities's Operating Income for the three months ended in Mar. 2024 was ₹ 487 Mil. Shardul Securities's Interest Expense for the three months ended in Mar. 2024 was ₹ -2 Mil. Shardul Securities's Interest Coverage for the quarter that ended in Mar. 2024 was 213.67. 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.

Shardul Securities Interest Expense Historical Data

The historical data trend for Shardul Securities'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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Shardul Securities Interest Expense Chart

Shardul Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.09

-0.02

-0.58

-0.15

-3.77

Shardul Securities 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															0.01	-	-	-1.49	-2.28

Shardul Securities 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 ₹-4 Mil.

Shardul Securities (BOM:512393) 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.

Shardul Securities's Interest Expense for the three months ended in Mar. 2024 was ₹-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹487 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹99 Mil.

Shardul Securities'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	*	486.944	/	-2.279
	=	213.67

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shardul Securities Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Shardul Securities (BOM:512393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Shardul Securities Ltd (BOM:512393) » Definitions » Interest Expense

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Address

G-12, Tulsiani Chambers, 212, Nariman Point, Mumbai, MH, IND, 400 021

Website

http://www.shardulsecurities.com

Shardul Securities Ltd is an India based company engaged in investment activities. The company's operating segment includes Investment and Finance activities which include investment and lending activities, and Others which include Broking activities. It generates maximum revenue from the Investment and Finance activities segment. Geographically, it operates only in India.

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