Gandhi Special Tubes (BOM:513108) Interest Expense : ₹-0 Mil (TTM As of Dec. 2023)

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What is Gandhi Special Tubes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gandhi Special Tubes's interest expense for the three months ended in Dec. 2023 was ₹ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-0 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. Gandhi Special Tubes's Operating Income for the three months ended in Dec. 2023 was ₹ 147 Mil. Gandhi Special Tubes's Interest Expense for the three months ended in Dec. 2023 was ₹ -0 Mil. Gandhi Special Tubes's Interest Coverage for the quarter that ended in Dec. 2023 was 443.46. 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.

Gandhi Special Tubes Interest Expense Historical Data

The historical data trend for Gandhi Special Tubes'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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Gandhi Special Tubes Interest Expense Chart

Gandhi Special Tubes Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.36

-0.42

-0.49

-2.21

-1.23

Gandhi Special Tubes Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-0.54	0.40	-0.24	-0.30	-0.33

Gandhi Special Tubes 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-0 Mil.

Gandhi Special Tubes (BOM:513108) 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.

Gandhi Special Tubes's Interest Expense for the three months ended in Dec. 2023 was ₹-0 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹147 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Gandhi Special Tubes's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	147.229	/	-0.332
	=	443.46

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. Gandhi Special Tubes Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Gandhi Special Tubes (BOM:513108) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gandhi Special Tubes Ltd (BOM:513108) » Definitions » Interest Expense

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GANDHITUBE:India

Address

55 Hughes Road, Next to Dharam Palace, 201-204, Plaza, 2nd Floor, Mumbai, MH, IND, 400007

Website

https://www.gandhispecialtubes.com

Gandhi Special Tubes Ltd manufactures and markets welded and seamless steel tubes of different sizes and specifications, and cold-formed coupling nuts. The company is involved in manufacturing automobile components, cold-formed tube nuts for fuel injection tube assemblies, hydraulic and other tube assemblies. Its products include Welded Tubes, Seamless Tubes, Wind Power, and Cold Formed Nuts. Products of the firm are supplied to the original equipment manufacturers of the automotive sector, farm equipment manufacturers, construction equipment manufacturers, refrigerator manufacturers, and other engineering industries. It also operates in the power sector through windmills installed in Maharashtra and Gujarat.

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