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Loyal Textile Mills (BOM:514036) Interest Expense : ₹-521 Mil (TTM As of Sep. 2024)


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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 Sep. 2024 was ₹ -120 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-521 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 Sep. 2024 was ₹ -455 Mil. Loyal Textile Mills's Interest Expense for the three months ended in Sep. 2024 was ₹ -120 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 -299.03 -501.24

Loyal Textile Mills Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -133.40 -127.40 -132.04 -141.70 -120.30

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-521 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 Sep. 2024 was ₹-120 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹-455 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹0 Mil.

Loyal Textile Mills's Interest Coverage for the quarter that ended in Sep. 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 Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Loyal Textile Mills Ltd (BOM:514036) » Definitions » Interest Expense
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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. The company 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. The Company has manufacturing plants at Kovilpatti, Sattur, Cuddalore, Sivagangai in Tamilnadu, Khammam in Telangana, and Naidupeta in Andhra Pradesh.

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