Titan Biotech (BOM:524717) Interest Expense : ₹-8 Mil (TTM As of Dec. 2024)

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What is Titan Biotech Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Titan Biotech's interest expense for the three months ended in Dec. 2024 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-8 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. Titan Biotech's Operating Income for the three months ended in Dec. 2024 was ₹ 37 Mil. Titan Biotech's Interest Expense for the three months ended in Dec. 2024 was ₹ -1 Mil. Titan Biotech's Interest Coverage for the quarter that ended in Dec. 2024 was 24.67. 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.

Titan Biotech Interest Expense Historical Data

The historical data trend for Titan Biotech'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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Titan Biotech Interest Expense Chart

Titan Biotech Annual Data

Trend

Mar15

Mar16

Mar17

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Mar24

Interest Expense

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-20.62

-14.79

-6.88

-5.64

-9.39

Titan Biotech Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-2.64	-1.10	-3.09	-2.66	-1.49

Titan Biotech 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-8 Mil.

Titan Biotech (BOM:524717) 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.

Titan Biotech's Interest Expense for the three months ended in Dec. 2024 was ₹-1 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Titan Biotech's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	36.639	/	-1.485
	=	24.67

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

Titan Biotech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Titan Biotech Ltd (BOM:524717) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

903-909, 9th Floor, Bigjos Tower, Netaji Subhash Place, Delhi, IND, 110034

Website

https://www.titanbiotechltd.com

Titan Biotech Ltd is a manufacturer and exporter of biological products. It manufactures biological products such as peptone, malt extract, yeast extract, liver extract, bile extract, culture media, laboratory chemicals, plant growth promoters and others. The biological products have applications in the field of pharmaceutical, nutraceutical, food and beverages, biotechnology and fermentation, cosmetic, veterinary and animal feed, agriculture industries, and others. The Company's business activity falls within a single primary business segment which is business of Biological Products. The firm sells its products in India and also exports internationally, of which the majority of the revenue is derived from the sales made in India.

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