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Rico Auto Industries (BOM:520008) Interest Expense : ₹-582 Mil (TTM As of Mar. 2024)


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What is Rico Auto Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rico Auto Industries's interest expense for the three months ended in Mar. 2024 was ₹ -132 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-582 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. Rico Auto Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 309 Mil. Rico Auto Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -132 Mil. Rico Auto Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 2.35. 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.

Rico Auto Industries Interest Expense Historical Data

The historical data trend for Rico Auto 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.

* Premium members only.

Rico Auto Industries Interest Expense Chart

Rico Auto Industries 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 -270.20 -369.00 -421.50 -540.70 -582.40

Rico Auto Industries 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 -150.70 -150.70 -137.90 -162.30 -131.50

Rico Auto 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-582 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.

Rico Auto Industries  (BOM:520008) 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.

Rico Auto Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-132 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹309 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹3,302 Mil.

Rico Auto Industries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*309.2/-131.5
=2.35

* 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.

Rico Auto Industries (BOM:520008) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rico Auto Industries Ltd (BOM:520008) » Definitions » Interest Expense
Comparable Companies
BOM:532240 BOM:520066 BOM:533477 BOM:515043 BOM:520073 BOM:532661 BOM:590065 BOM:505036 BOM:508807 BOM:523828 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
RICOAUTO:India
Address
Delhi - Jaipur Highway, 38 KM Stone, Gurugram, HR, IND, 122001
Website
https://www.ricoauto.com
Rico Auto Industries Ltd is an established and reputed engineering group sharply focused on the automobile industry. The primary activity of the group includes the manufacturing and sale of auto components for two-wheelers and four-wheelers to original equipment manufacturers. In addition, the company also provides integrated services such as design, development, tooling, casting, machining, and assembly of ferrous and aluminum products. The company generates the majority of its revenue from India.

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