Sumeet Industries (BOM:514211) Interest Expense : ₹-19 Mil (TTM As of Dec. 2024)

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What is Sumeet Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sumeet Industries's interest expense for the three months ended in Dec. 2024 was ₹ -19 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-19 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. Sumeet Industries's Operating Income for the three months ended in Dec. 2024 was ₹ 11 Mil. Sumeet Industries's Interest Expense for the three months ended in Dec. 2024 was ₹ -19 Mil. Sumeet Industries's Interest Coverage for the quarter that ended in Dec. 2024 was 0.59. 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.

Sumeet Industries Interest Expense Historical Data

The historical data trend for Sumeet Industries'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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Sumeet Industries Interest Expense Chart

Sumeet Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-377.98

-31.07

-244.63

-57.64

-0.01

Sumeet Industries 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															-0.05	0.14	-0.06	-0.10	-19.42

Sumeet Industries 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 ₹-19 Mil.

Sumeet Industries (BOM:514211) 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.

Sumeet Industries's Interest Expense for the three months ended in Dec. 2024 was ₹-19 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Sumeet Industries'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	*	11.451	/	-19.418
	=	0.59

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

Sumeet Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sumeet Industries Ltd (BOM:514211) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Ring Road, 504, 5th Floor, Trividh Chambers, Opposite Fire Brigade Station, Surat, GJ, IND, 395002

Website

https://www.sumeetindustries.com

Sumeet Industries Ltd is engaged in the yarn manufacturing business segment in India. It manufactures and exports Polyester Yarn (POY and FDY), Polyester Chips, Texturizing Yarn and Carpet Yarn. The company caters to both domestic and international markets, of which the majority of revenue is generated within India.

Sumeet Industries Headlines

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