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Shivalik Bimetal Controls (BOM:513097) Interest Expense : ₹-28 Mil (TTM As of Jun. 2024)


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What is Shivalik Bimetal Controls Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shivalik Bimetal Controls's interest expense for the three months ended in Jun. 2024 was ₹ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-28 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. Shivalik Bimetal Controls's Operating Income for the three months ended in Jun. 2024 was ₹ 209 Mil. Shivalik Bimetal Controls's Interest Expense for the three months ended in Jun. 2024 was ₹ -10 Mil. Shivalik Bimetal Controls's Interest Coverage for the quarter that ended in Jun. 2024 was 21.10. 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.

Shivalik Bimetal Controls Interest Expense Historical Data

The historical data trend for Shivalik Bimetal Controls'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.

Shivalik Bimetal Controls Interest Expense Chart

Shivalik Bimetal Controls 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 -16.63 -7.41 -11.87 -36.55 -31.09

Shivalik Bimetal Controls Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -12.97 -12.18 -12.74 6.80 -9.89

Shivalik Bimetal Controls 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-28 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.

Shivalik Bimetal Controls  (BOM:513097) 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.

Shivalik Bimetal Controls's Interest Expense for the three months ended in Jun. 2024 was ₹-10 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹209 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0 Mil.

Shivalik Bimetal Controls's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*208.573/-9.886
=21.10

* 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.

Shivalik Bimetal Controls Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shivalik Bimetal Controls Ltd (BOM:513097) » Definitions » Interest Expense
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Traded in Other Exchanges
SBCL:India
Address
H-2, Suneja Chambers, 2nd Floor, Alaknanda Commercial Complex, Kalkaji, New Delhi, IND, 110019
Website
https://www.shivalikbimetals.com
Shivalik Bimetal Controls Ltd is an integrated manufacturer and seller of thermostatic bimetal/tri-metal strips, component, EB welded products, cold bonded bimetal strips, and parts. Company has single segment i.e. Process and Product Engineering. It specializes in the joining of material through various methods such as diffusion bonding/cladding, electron beam welding, solder reflow, and resistance welding. The company caters to various industries applications which include Electronics, Automotive, Domestic Appliances, Industrial, Medical, Defence and Agriculture and Animal Husbandry Appliances. Geographically, it derives a majority of revenue from Rest of the world.

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