GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Loyal Textile Mills Ltd (BOM:514036) » Definitions » Interest Expense

Loyal Textile Mills (BOM:514036) Interest Expense : ₹-529 Mil (TTM As of Mar. 2024)


View and export this data going back to 1991. Start your Free Trial

What is Loyal Textile Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Loyal Textile Mills's interest expense for the three months ended in Mar. 2024 was ₹ -160 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-529 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. Loyal Textile Mills's Operating Income for the three months ended in Mar. 2024 was ₹ -18 Mil. Loyal Textile Mills's Interest Expense for the three months ended in Mar. 2024 was ₹ -160 Mil. Loyal Textile Mills 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.

Loyal Textile Mills Interest Expense Historical Data

The historical data trend for Loyal Textile Mills'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.

Loyal Textile Mills Interest Expense Chart

Loyal Textile Mills 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 -358.90 -336.00 -285.53 -317.90 -528.80

Loyal Textile Mills Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 -101.00 -108.40 -133.40 -127.40 -159.60

Loyal Textile Mills 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 ₹-529 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.

Loyal Textile Mills  (BOM:514036) 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.

Loyal Textile Mills's Interest Expense for the three months ended in Mar. 2024 was ₹-160 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

Loyal Textile Mills's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Loyal Textile Mills 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.

Loyal Textile Mills (BOM:514036) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Loyal Textile Mills Ltd (BOM:514036) » Definitions » Interest Expense
Comparable Companies
BOM:532674 BOM:503804 BOM:514286 BOM:538119 BOM:502958 BOM:521018 BOM:542729 NSE:PRECOT BOM:590025 BOM:532893 HKSE:02313 SHSE:600346 SZSE:000301 IST:SASA TSE:3402 TPE:1402 SHSE:601233 BOM:532889 SHSE:600295 AIN
Traded in Other Exchanges
LOYALTEX:India
Address
1st Main Road, No. 83, R. A. Puram, Mandaveli, Chennai, TN, IND, 600028
Website
https://www.loyaltextiles.com
Loyal Textile Mills Ltd is an India-based company that provides various products and services for the textile and apparel industries. It is engaged in the manufacturing of yarn, woven fabric, knitted fabric, and technical clothing. The company operates in two business segments that are manufacturing and trading activities. Its main products are yarn, cloth, and hosiery cloth. The manufacturing of cloth and hosiery cloth generates maximum revenue for the company. Geographically the company exports its product to Asia, Europe, America, and others; out of which the Asia region generates maximum revenue for the company.

Loyal Textile Mills (BOM:514036) Headlines

No Headlines