Machino Plastics (BOM:523248) Interest Expense : ₹-67 Mil (TTM As of Mar. 2024)

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What is Machino Plastics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Machino Plastics's interest expense for the three months ended in Mar. 2024 was ₹ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-67 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. Machino Plastics's Operating Income for the three months ended in Mar. 2024 was ₹ 33 Mil. Machino Plastics's Interest Expense for the three months ended in Mar. 2024 was ₹ -21 Mil. Machino Plastics's Interest Coverage for the quarter that ended in Mar. 2024 was 1.56. 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.

Machino Plastics Interest Expense Historical Data

The historical data trend for Machino Plastics'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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Machino Plastics Interest Expense Chart

Machino Plastics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-76.35

-69.29

-61.77

-64.71

-66.82

Machino Plastics 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															-17.32	-15.40	-15.59	-14.56	-21.26

Machino Plastics 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 ₹-67 Mil.

Machino Plastics (BOM:523248) 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.

Machino Plastics's Interest Expense for the three months ended in Mar. 2024 was ₹-21 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹272 Mil.

Machino Plastics'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	*	33.099	/	-21.264
	=	1.56

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

Machino Plastics (BOM:523248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Machino Plastics Ltd (BOM:523248) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Delhi-Gurgaon Road, Plot No. 3, Maruti Joint Venture Complex, Udyog Vihar, Phase-IV, Gurgaon, HR, IND, 122015

Website

https://www.machino.com

Machino Plastics Ltd is an India-based automotive component manufacturing company. It is engaged in the manufacture of plastic injection moulded automotive components such as bumpers, dashboards, instruments panels, grills, and others, as original equipment and for the spare parts market. The company operates in the segment of Automotive injection molding plastic components. It derives principal revenue from the sale of products manufactured by it.

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