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Savera Industries (BOM:512634) Interest Expense : ₹-2.3 Mil (TTM As of Mar. 2024)


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What is Savera Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Savera Industries's interest expense for the three months ended in Mar. 2024 was ₹ -0.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2.3 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. Savera Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 14.9 Mil. Savera Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -0.9 Mil. Savera Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 16.42. 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.

Savera Industries Interest Expense Historical Data

The historical data trend for Savera 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.

Savera Industries Interest Expense Chart

Savera 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 -5.54 -4.49 -4.26 -2.31 -3.28

Savera Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 -0.58 -0.74 -0.46 -0.98 -0.91

Savera 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 ₹-2.3 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.

Savera Industries  (BOM:512634) 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.

Savera Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-0.9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹14.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹20.2 Mil.

Savera 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*14.911/-0.908
=16.42

* 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.

Savera Industries (BOM:512634) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Savera Industries Ltd (BOM:512634) » Definitions » Interest Expense
Comparable Companies
BOM:537839 BOM:532992 BOM:507960 BOM:526640 BOM:526550 BOM:531322 BOM:508664 BOM:531373 BOM:507981 BOM:532845 MAR HLT HTHT LSE:IHG H XPAR:AC LSE:WTB BOM:500850 WH CHH
Traded in Other Exchanges
N/A
Address
No. 146, Dr. Radhakrishnan Road, Mylapore, Chennai, TN, IND, 600004
Website
https://www.saverahotel.com
Savera Industries Ltd is engaged in the business of Hoteliering. It provides facilities for business conferences and banquets, a swimming pool, health club and restaurants. The Savera Hotel offers various categories of rooms, such as business standard, business club, executive, executive superior and executive club. Its room facilities include a mini bar with rooms, in-room electronic safe lockers, laundry and dry cleaning, spa, health club, travel desk, shopping arcade and valet parking. It also offers meetings and events, such as Samavesh, Sandesh, Maple, Fern, Pine, Sabha, Olive, Harappa, and Hampi.

Savera Industries (BOM:512634) Headlines

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