Narmada Macplast Drip Irrigation Systems (BOM:517431) Interest Expense : ₹-0.26 Mil (TTM As of Sep. 2023)

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What is Narmada Macplast Drip Irrigation Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Narmada Macplast Drip Irrigation Systems's interest expense for the three months ended in Sep. 2023 was ₹ -0.07 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-0.26 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. Narmada Macplast Drip Irrigation Systems's Operating Income for the three months ended in Sep. 2023 was ₹ -0.09 Mil. Narmada Macplast Drip Irrigation Systems's Interest Expense for the three months ended in Sep. 2023 was ₹ -0.07 Mil. Narmada Macplast Drip Irrigation Systems 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.

Narmada Macplast Drip Irrigation Systems Interest Expense Historical Data

The historical data trend for Narmada Macplast Drip Irrigation Systems'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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Narmada Macplast Drip Irrigation Systems Interest Expense Chart

Narmada Macplast Drip Irrigation Systems Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.07

-0.16

-0.22

-0.26

-0.28

Narmada Macplast Drip Irrigation Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															-0.07	-0.06	-0.07	-0.07	-

Narmada Macplast Drip Irrigation Systems 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-0.26 Mil.

Narmada Macplast Drip Irrigation Systems (BOM:517431) 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.

Narmada Macplast Drip Irrigation Systems's Interest Expense for the three months ended in Sep. 2023 was ₹-0.07 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₹-0.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₹4.34 Mil.

Narmada Macplast Drip Irrigation Systems's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Narmada Macplast Drip Irrigation Systems did not have earnings to cover the interest expense.

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

Narmada Macplast Drip Irrigation Systems (BOM:517431) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Narmada Macplast Drip Irrigation Systems Ltd (BOM:517431) » Definitions » Interest Expense

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Address

Plot Number 119-120, Santej-Vadsar Road, At and Post Santej, Taluka - Kalol, Gandhi Nagar, GJ, IND, 382721

Website

https://www.narmadadrip.com

Narmada Macplast Drip Irrigation Systems Ltd is engaged in trading of drip irrigation systems. Its products include Spray Nozzles, Spray bodies, Rotors 3500 series among others. It is also engaged in the business of import-export, consultancy of plastic products and raw materials, government Supplies and in liaison work.

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