Patels Airtemp (India) (BOM:517417) Interest Expense : ₹-64 Mil (TTM As of Sep. 2024)

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What is Patels Airtemp (India) Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Patels Airtemp (India)'s interest expense for the three months ended in Sep. 2024 was ₹ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-64 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. Patels Airtemp (India)'s Operating Income for the three months ended in Sep. 2024 was ₹ 67 Mil. Patels Airtemp (India)'s Interest Expense for the three months ended in Sep. 2024 was ₹ -28 Mil. Patels Airtemp (India)'s Interest Coverage for the quarter that ended in Sep. 2024 was 2.40. 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.

Patels Airtemp (India) Interest Expense Historical Data

The historical data trend for Patels Airtemp (India)'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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Patels Airtemp (India) Interest Expense Chart

Patels Airtemp (India) Annual Data

Trend

Mar15

Mar16

Mar17

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Mar19

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Mar23

Mar24

Interest Expense

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-45.38

-56.61

-65.29

-83.82

-93.03

Patels Airtemp (India) Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial															-26.30	-31.20	-25.90	-9.89	-28.00

Patels Airtemp (India) 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 ₹-64 Mil.

Patels Airtemp (India) (BOM:517417) 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.

Patels Airtemp (India)'s Interest Expense for the three months ended in Sep. 2024 was ₹-28 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹67 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹169 Mil.

Patels Airtemp (India)'s Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	67.125	/	-27.997
	=	2.40

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

Patels Airtemp (India) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Patels Airtemp (India) Ltd (BOM:517417) » Definitions » Interest Expense

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Address

5th Floor, Kalpana Complex, Near Memnagar Fire Station, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.patelsairtemp.com

Patels Airtemp (India) Ltd is in the engineering industry and is engaged in manufacturing/fabricating tailor-made machines. The company manufactures and sells heat exchangers such as shell and tube type, finned tube type and air-cooled heat exchangers, pressure vessels, air-conditioning and refrigeration equipment, and turnkey HVAC projects in India, and marketing of equipment outside India. The products are supplied to Industrial sections like power projects, refineries, fertilizers, cement, petrochemicals, pharmaceuticals, textile, and chemical industries. The company also has a wholly owned subsidiary company Patels Airtemp (USA) Inc. in the USA.

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