Marmagoa Steel (BOM:513355) Interest Expense: ₹-7.45 Mil (TTM As of Jun. 2016)

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What is Marmagoa Steel Interest Expense?

Marmagoa Steel BOM:513355 Interest Expense is ₹-7.45 Mil as of Jun. 2016.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Marmagoa Steel's interest expense for the three months ended in Jun. 2016 was ₹ -2.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2016 was ₹-7.45 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. Marmagoa Steel's Operating Income for the three months ended in Jun. 2016 was ₹ -4.90 Mil. Marmagoa Steel's Interest Expense for the three months ended in Jun. 2016 was ₹ -2.00 Mil. Marmagoa Steel did not have earnings to cover the interest expense. 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.

Marmagoa Steel  (BOM:513355) 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.

Marmagoa Steel's Interest Expense for the three months ended in Jun. 2016 was ₹-2.00 Mil. Its Operating Income for the three months ended in Jun. 2016 was ₹-4.90 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2016 was ₹0.00 Mil.

Marmagoa Steel's Interest Coverage for the quarter that ended in Jun. 2016 is calculated as

Marmagoa Steel did not have earnings to cover the interest expense.

* 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.

Marmagoa Steel Interest Expense Historical Data

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The historical data trend for Marmagoa Steel'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.

Marmagoa Steel Interest Expense Chart

Marmagoa Steel Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16
Interest Expense
Get a 7-Day Free Trial -63.46 -88.08 -120.46 -6.01 -7.05

Marmagoa Steel Quarterly Data
Mar10 Mar11 Mar12 Mar13 Dec13 Mar14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16
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 -7.10 -1.70 -1.80 -1.95 -2.00

Marmagoa Steel 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. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-7.45 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₹-7.45 Mil mean?
Marmagoa Steel (BOM:513355) has a Interest Expense of ₹-7.45 Mil as of Jun. 2016. Interest Expense is the amount a company pays on its long-term debt. View historical data on Marmagoa Steel and its competitors.
Is Marmagoa Steel's Interest Expense too high?
Marmagoa Steel's current Interest Expense is ₹-7.45 Mil.
How does Marmagoa Steel's Interest Expense compare to PTEEF?
Marmagoa Steel's Interest Expense of ₹-7.45 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Steel company?
A good Interest Expense depends on the Steel industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Marmagoa Steel and its competitors. Marmagoa Steel's current Interest Expense is ₹-7.45 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marmagoa Steel stock overvalued right now?
Marmagoa Steel (BOM:513355) has a current Interest Expense of ₹-7.45 Mil. The current Interest Expense is ₹-7.45 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Marmagoa Steel (BOM:513355), the current Interest Expense is ₹-7.45 Mil as of Jun. 2016. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Marmagoa Steel Business Description

Address Plot No. 280, Eclate, Salcete, Curtorim, GA, IND, 403709
Marmagoa Steel Ltd operates in the steel business. It is primarily involved in the manufacturing of steel products such as special steel billets, rounds, hexagons, and spring steel flats. These products are generally used for Automobile and Railway applications. The business activities are carried out through the geographical regions of India. The firm derives most of the revenue from the sale of products.