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Shree Pacetronix (BOM:527005) Interest Expense : ₹-4.2 Mil (TTM As of Jun. 2024)


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What is Shree Pacetronix Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shree Pacetronix's interest expense for the three months ended in Jun. 2024 was ₹ -1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-4.2 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. Shree Pacetronix's Operating Income for the three months ended in Jun. 2024 was ₹ 5.7 Mil. Shree Pacetronix's Interest Expense for the three months ended in Jun. 2024 was ₹ -1.2 Mil. Shree Pacetronix's Interest Coverage for the quarter that ended in Jun. 2024 was 4.65. 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.

Shree Pacetronix Interest Expense Historical Data

The historical data trend for Shree Pacetronix'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.

Shree Pacetronix Interest Expense Chart

Shree Pacetronix 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 -3.61 -3.32 -2.77 -2.47 -3.65

Shree Pacetronix Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 -0.67 -1.08 -1.00 -0.90 -1.24

Shree Pacetronix 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-4.2 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.

Shree Pacetronix  (BOM:527005) 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.

Shree Pacetronix's Interest Expense for the three months ended in Jun. 2024 was ₹-1.2 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹5.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0.0 Mil.

Shree Pacetronix's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*5.746/-1.235
=4.65

* 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.

Shree Pacetronix Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Shree Pacetronix Ltd (BOM:527005) » Definitions » Interest Expense
Comparable Companies
BOM:533212 BOM:531380 BOM:524502 BOM:543309 BOM:523896 NSE:QMSMEDI BOM:543363 ISRG XPAR:EL BDX XSWX:ALC TSE:7741 WST OCSE:COLO B RMD TSE:4543 XSWX:STMN BAX XPAR:DIM HOLX
Traded in Other Exchanges
N/A
Address
Plot Number 15, Sector II, Industrial Area, District Dhar, Pithampur, MP, IND, 454775
Website
https://www.pacetronix.com
Shree Pacetronix Ltd is engaged in the manufacturing of medical and surgical equipment and orthopedic appliances. It is in the business of manufacturing and selling Implantable Cardiac Pacemakers. Pacemakers are anti-bradycardia implantable devices intended for permanent ventricular or atrial pacing applications. The Company is engaged in only one segment i.e. manufacturing of pacemakers. It sells its life-saving devices in India and internationally, of which the majority of revenue is generated from the sales made in India.

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