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Solitaire Machine Tools (BOM:522152) Interest Expense : ₹-0.2 Mil (TTM As of Sep. 2024)


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What is Solitaire Machine Tools Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solitaire Machine Tools's interest expense for the three months ended in Sep. 2024 was ₹ 0.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-0.2 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. Solitaire Machine Tools's Operating Income for the three months ended in Sep. 2024 was ₹ 4.6 Mil. Solitaire Machine Tools's Interest Expense for the three months ended in Sep. 2024 was ₹ 0.0 Mil. GuruFocus does not calculate Solitaire Machine Tools's interest coverage with the available data. 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.

Solitaire Machine Tools Interest Expense Historical Data

The historical data trend for Solitaire Machine Tools'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.

Solitaire Machine Tools Interest Expense Chart

Solitaire Machine Tools 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 -0.19 -0.04 -0.09 -0.74 -0.40

Solitaire Machine Tools Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -0.19 -0.09 -0.08 - -

Solitaire Machine Tools 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 ₹-0.2 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.

Solitaire Machine Tools  (BOM:522152) 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.

Solitaire Machine Tools's Interest Expense for the three months ended in Sep. 2024 was ₹0.0 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹4.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹40.4 Mil.

Solitaire Machine Tools's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

GuruFocus does not calculate Solitaire Machine Tools's interest coverage with the available data.

* 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.

Solitaire Machine Tools Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solitaire Machine Tools Ltd (BOM:522152) » Definitions » Interest Expense
Comparable Companies
BOM:544108 BOM:535458 BOM:505212 BOM:522005 BOM:505703 BOM:505685 BOM:531911 BOM:522237 BOM:531661 BOM:531233 HKSE:00669 SNA SWK LECO RBC OSTO:SKF B TSE:6586 TTC XSWX:SFSN SZSE:002444
Traded in Other Exchanges
N/A
Address
A-24/25, Krishna Industrial Estate, Gorwa, Vadodara, GJ, IND, 390016
Website
https://www.smtgrinders.com
Solitaire Machine Tools Ltd manufactures precision centerless grinders. The company has one reportable segment namely Machine Tools that includes Centerless Grinding Machine. The firm also offers CNC products, including precision servo infeed attachments, servo drives for regulating wheels, two-axis CNC grinding wheel dressers, and diamond roll dressers for grinding wheels, as well as two, three, four, and five-axis CNC grinder controls. The company also provides remanufacturing and CNC retrofitting services for grinders. Its centerless grinders are used in the industry like an automobile, automobile ancillaries, textiles machinery, steel industry, and bearing industry.

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