Virat Industries (BOM:530521) Interest Expense : ₹-0.6 Mil (TTM As of Dec. 2024)

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What is Virat Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Virat Industries's interest expense for the three months ended in Dec. 2024 was ₹ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-0.6 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. Virat Industries's Operating Income for the three months ended in Dec. 2024 was ₹ 1.3 Mil. Virat Industries's Interest Expense for the three months ended in Dec. 2024 was ₹ -0.2 Mil. Virat Industries's Interest Coverage for the quarter that ended in Dec. 2024 was 7.15. 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.

Virat Industries Interest Expense Historical Data

The historical data trend for Virat Industries'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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Virat Industries Interest Expense Chart

Virat Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.43

-0.50

-0.23

-0.63

-0.46

Virat Industries 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															-0.20	-0.10	-0.18	-0.17	-0.18

Virat Industries 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 ₹-0.6 Mil.

Virat Industries (BOM:530521) 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.

Virat Industries's Interest Expense for the three months ended in Dec. 2024 was ₹-0.2 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹1.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0.0 Mil.

Virat Industries'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	*	1.287	/	-0.18
	=	7.15

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

Virat Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Virat Industries Ltd (BOM:530521) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

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Address

226 Rajani Patel Marg, 74, Bajaj Bhavan, Nariman Point, Mumbai, MH, IND, 400 021

Website

https://www.viratindustries.com

Virat Industries Ltd is engaged in the manufacturing of excellent quality socks for export mainly to the European markets. The socks are manufactured on the latest computerized electronic knitting machines by Lonati and Matec, Italy and KTM, Korea supported with balancing equipment from Spain and other European markets. The company possesses market recognition under the brand name Lord Walker. Most of its revenue is earned through the Switzerland market, while it also has a presence in the United Kingdom, India, and various other countries.

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