MPL Plastics (BOM:526143) Interest Expense : ₹-0.10 Mil (TTM As of Mar. 2024)

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What is MPL Plastics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. MPL Plastics's interest expense for the three months ended in Mar. 2024 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-0.10 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. MPL Plastics's Operating Income for the three months ended in Mar. 2024 was ₹ -7.20 Mil. MPL Plastics's Interest Expense for the three months ended in Mar. 2024 was ₹ 0.00 Mil. MPL Plastics has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

MPL Plastics Interest Expense Historical Data

The historical data trend for MPL 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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MPL Plastics Interest Expense Chart

MPL Plastics Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-0.01

-0.10

MPL 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															-0.10	-	-	-0.10	-

MPL 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 ₹-0.10 Mil.

MPL Plastics (BOM:526143) 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.

MPL Plastics's Interest Expense for the three months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-7.20 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.00 Mil.

MPL Plastics's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

MPL Plastics had no long-term debt ⁽¹⁾.

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

MPL Plastics (BOM:526143) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » MPL Plastics Ltd (BOM:526143) » Definitions » Interest Expense

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Address

Near Classic Studio, Mira Bhayander Road, 2, Ashish Warehouse Corporation, Punjab Foundry Industrial Estate, Kashimira, Mira Road (East), Dist. Thane, Mumbai, MH, IND, 401104

Website

https://www.mplindia.in

MPL Plastics Ltd manufactures thermoware products. The company is also engaged in the manufacturing of tableware, kitchenware, and other household articles, and toilet articles of plastics, including the manufacture of vacuum flasks and other vacuum vessels. It offers products such as Vacuum flasks, Casseroles, Tiffins, Water bottles, and Water Jugs.

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