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Precision Wires India (BOM:523539) Interest Expense : ₹-358 Mil (TTM As of Sep. 2024)


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What is Precision Wires India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Precision Wires India's interest expense for the three months ended in Sep. 2024 was ₹ -120 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-358 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. Precision Wires India's Operating Income for the three months ended in Sep. 2024 was ₹ 379 Mil. Precision Wires India's Interest Expense for the three months ended in Sep. 2024 was ₹ -120 Mil. Precision Wires India's Interest Coverage for the quarter that ended in Sep. 2024 was 3.15. 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.

Precision Wires India Interest Expense Historical Data

The historical data trend for Precision Wires India'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.

Precision Wires India Interest Expense Chart

Precision Wires India 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 -156.91 -152.62 -205.79 -255.21 -315.28

Precision Wires India 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 -86.59 -92.39 -36.02 -108.97 -120.12

Precision Wires India 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 ₹-358 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.

Precision Wires India  (BOM:523539) 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.

Precision Wires India's Interest Expense for the three months ended in Sep. 2024 was ₹-120 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹379 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹293 Mil.

Precision Wires India's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*378.835/-120.123
=3.15

* 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.

Precision Wires India Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Precision Wires India Ltd (BOM:523539) » Definitions » Interest Expense
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Traded in Other Exchanges
PRECWIRE:India
Address
Off Sayani Road, J. A. Raul Street, Saiman House, Prabhadevi, Mumbai, MH, IND, 400 025
Website
https://www.precisionwires.in
Precision Wires India Ltd is engaged in the manufacture of winding wires made of copper. The company produces Enameled Round Winding Wires, Enameled Strips, Paper Insulated Copper Conductors, and Continuously Transposed Conductors and Paper/Mica/Nomex Insulated Copper Conductors (PICC) which are used by the electrical/electronics industries. The wires are used in equipment such as rotating machines, alternators, hermetic motors, power and distribution transformers, ballasts, auto electricals, household appliances and fans.

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