Bhandari Hosiery Exports (BOM:512608) Interest Expense : ₹-112 Mil (TTM As of Mar. 2024)

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What is Bhandari Hosiery Exports Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bhandari Hosiery Exports's interest expense for the three months ended in Mar. 2024 was ₹ -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-112 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. Bhandari Hosiery Exports's Operating Income for the three months ended in Mar. 2024 was ₹ 56 Mil. Bhandari Hosiery Exports's Interest Expense for the three months ended in Mar. 2024 was ₹ -33 Mil. Bhandari Hosiery Exports's Interest Coverage for the quarter that ended in Mar. 2024 was 1.72. 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.

Bhandari Hosiery Exports Interest Expense Historical Data

The historical data trend for Bhandari Hosiery Exports'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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Bhandari Hosiery Exports Interest Expense Chart

Bhandari Hosiery Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-96.44

-102.96

-97.73

-103.38

-111.95

Bhandari Hosiery Exports 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															-26.86	-22.01	-28.50	-28.60	-32.84

Bhandari Hosiery Exports 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 ₹-112 Mil.

Bhandari Hosiery Exports (BOM:512608) 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.

Bhandari Hosiery Exports's Interest Expense for the three months ended in Mar. 2024 was ₹-33 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹56 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹428 Mil.

Bhandari Hosiery Exports'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	*	56.37	/	-32.843
	=	1.72

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

Bhandari Hosiery Exports (BOM:512608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bhandari Hosiery Exports Ltd (BOM:512608) » Definitions » Interest Expense

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BHANDARI:India

Address

Rahon Road, Bhandari House, Village Meharban, Ludhiana, PB, IND, 141007

Website

https://www.bhandariexport.com

Bhandari Hosiery Exports Ltd is an India-based firm. The company is engaged in the manufacturing and distribution of textiles consisting of fabric and garments. It is engaged in dyeing, knitting, and finishing of fabrics. Its product portfolio includes products like T-Shirts, pullovers, sweatshirts, bermudas, polo shirts, tracksuits, pajamas, lowers, ladies, knitted tops with embroidery and prints. Majority of its revenue is earned from the Indian market, while it is also engaged in the export of knitted hosiery garments.

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