Sambandam Spinning Mills (BOM:521240) Interest Expense : ₹-130 Mil (TTM As of Mar. 2024)

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What is Sambandam Spinning Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sambandam Spinning Mills's interest expense for the three months ended in Mar. 2024 was ₹ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-130 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. Sambandam Spinning Mills's Operating Income for the three months ended in Mar. 2024 was ₹ -22 Mil. Sambandam Spinning Mills's Interest Expense for the three months ended in Mar. 2024 was ₹ -38 Mil. Sambandam Spinning 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.

Sambandam Spinning Mills Interest Expense Historical Data

The historical data trend for Sambandam Spinning 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.

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Sambandam Spinning Mills Interest Expense Chart

Sambandam Spinning Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-84.04

-104.10

-122.78

-121.32

-129.90

Sambandam Spinning Mills 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															-27.53	-30.97	-30.44	-30.80	-37.70

Sambandam Spinning 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-130 Mil.

Sambandam Spinning Mills (BOM:521240) 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.

Sambandam Spinning Mills's Interest Expense for the three months ended in Mar. 2024 was ₹-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-22 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹435 Mil.

Sambandam Spinning Mills's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Sambandam Spinning Mills did not have earnings to cover the interest expense.

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

Sambandam Spinning Mills (BOM:521240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sambandam Spinning Mills Ltd (BOM:521240) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Kamaraj Nagar Colony, Mill Premises, Salem, TN, IND, 636 014

Website

https://www.sambandam.com

Sambandam Spinning Mills Ltd is engaged in the manufacturing and distribution of cotton yarn and other related services. The company's product portfolio includes products like 100% cotton, Sustainable Yarns, Cellulosic Yarns, Sollucell Air yarns, Melange, R-Elan, and Core Spun Yarns. The company earns the majority of its revenue comes from the Indian market.

Sambandam Spinning Mills (BOM:521240) Headlines

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