Shree Ganesh Elastoplast (BOM:530797) Interest Expense : ₹-0.8 Mil (TTM As of Jun. 2024)

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What is Shree Ganesh Elastoplast Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shree Ganesh Elastoplast's interest expense for the three months ended in Jun. 2024 was ₹ -0.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-0.8 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. Shree Ganesh Elastoplast's Operating Income for the three months ended in Jun. 2024 was ₹ 15.3 Mil. Shree Ganesh Elastoplast's Interest Expense for the three months ended in Jun. 2024 was ₹ -0.1 Mil. Shree Ganesh Elastoplast's Interest Coverage for the quarter that ended in Jun. 2024 was 146.71. 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 Ganesh Elastoplast Interest Expense Historical Data

The historical data trend for Shree Ganesh Elastoplast'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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Shree Ganesh Elastoplast Interest Expense Chart

Shree Ganesh Elastoplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.10

-0.04

-0.02

-0.28

-0.78

Shree Ganesh Elastoplast 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															-0.04	-0.04	-0.03	-0.67	-0.10

Shree Ganesh Elastoplast 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 ₹-0.8 Mil.

Shree Ganesh Elastoplast (BOM:530797) 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.

Shree Ganesh Elastoplast's Interest Expense for the three months ended in Jun. 2024 was ₹-0.1 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹15.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0.0 Mil.

Shree Ganesh Elastoplast'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	*	15.258	/	-0.104
	=	146.71

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

Shree Ganesh Elastoplast Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shree Ganesh Elastoplast Ltd (BOM:530797) » Definitions » Interest Expense

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Address

119, Polytechnic Road, Ground Floor, Kamdhenu Complex, Opposite Sahajanad College, Ahmedabad, GJ, IND, 380015

Website

https://www.shreeganeshelastoplastltd.com

Shree Ganesh Elastoplast Ltd is an India-based commodity trading company. The company is engaged in the trading of agricultural raw material, including raw maize, cottonseed oil cake, jeera and castor seed.

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