Tamilnadu Steel Tubes (BOM:513540) Interest Expense : ₹-5.6 Mil (TTM As of Dec. 2024)

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What is Tamilnadu Steel Tubes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tamilnadu Steel Tubes's interest expense for the three months ended in Dec. 2024 was ₹ -1.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-5.6 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. Tamilnadu Steel Tubes's Operating Income for the three months ended in Dec. 2024 was ₹ 1.6 Mil. Tamilnadu Steel Tubes's Interest Expense for the three months ended in Dec. 2024 was ₹ -1.8 Mil. Tamilnadu Steel Tubes's Interest Coverage for the quarter that ended in Dec. 2024 was 0.91. 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.

Tamilnadu Steel Tubes Interest Expense Historical Data

The historical data trend for Tamilnadu Steel 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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Tamilnadu Steel Tubes Interest Expense Chart

Tamilnadu Steel Tubes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.46

-0.44

-0.96

-4.88

-5.55

Tamilnadu Steel Tubes Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-1.64	-0.96	-1.74	-1.20	-1.75

Tamilnadu Steel 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-5.6 Mil.

Tamilnadu Steel Tubes (BOM:513540) 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.

Tamilnadu Steel Tubes's Interest Expense for the three months ended in Dec. 2024 was ₹-1.8 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹1.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0.0 Mil.

Tamilnadu Steel Tubes's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1.6	/	-1.754
	=	0.91

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

Tamilnadu Steel Tubes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tamilnadu Steel Tubes Ltd (BOM:513540) » Definitions » Interest Expense

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Address

Wheatcrofts Road, No,22, First Floor, Nungambakkam, Chennai, TN, IND, 600 034

Website

https://www.tntpipes.com

Tamilnadu Steel Tubes Ltd manufactures Mild Steel Tubes, both Black and Galvanised, Square and Rectangle Pipes. The company's manufacturing unit is located at Maraimalai Nagar, Kanchipuram District, Tamil Nadu. The company is engaged in manufacturing and exporting a wide range of MS Pipes, GI Pipes, Square Pipes and Rectangle Pipes.

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