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Shri Keshav Cements & Infra (BOM:530977) Interest Expense : ₹-169 Mil (TTM As of Mar. 2024)


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What is Shri Keshav Cements & Infra Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shri Keshav Cements & Infra's interest expense for the three months ended in Mar. 2024 was ₹ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-169 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. Shri Keshav Cements & Infra's Operating Income for the three months ended in Mar. 2024 was ₹ 77 Mil. Shri Keshav Cements & Infra's Interest Expense for the three months ended in Mar. 2024 was ₹ -38 Mil. Shri Keshav Cements & Infra's Interest Coverage for the quarter that ended in Mar. 2024 was 2.04. 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.

Shri Keshav Cements & Infra Interest Expense Historical Data

The historical data trend for Shri Keshav Cements & Infra'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.

Shri Keshav Cements & Infra Interest Expense Chart

Shri Keshav Cements & Infra 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 -173.80 -160.27 -183.54 -187.98 -169.22

Shri Keshav Cements & Infra 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 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 -69.86 -43.05 -44.25 -44.09 -37.83

Shri Keshav Cements & Infra 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 ₹-169 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.

Shri Keshav Cements & Infra  (BOM:530977) 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.

Shri Keshav Cements & Infra's Interest Expense for the three months ended in Mar. 2024 was ₹-38 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹77 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,652 Mil.

Shri Keshav Cements & Infra's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*77.059/-37.834
=2.04

* 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.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Shri Keshav Cements & Infra Ltd interest coverage is 1.59, which is low.

Shri Keshav Cements & Infra (BOM:530977) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Shri Keshav Cements & Infra Ltd (BOM:530977) » Definitions » Interest Expense
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BOM:500234 BOM:523483 BOM:518011 BOM:531494 BOM:502294 BOM:518017 BOM:532916 BOM:514171 BOM:541634 NSE:AGARWALFT CRH XSWX:HOLN NSE:ULTRACEMCO VMC MLM SHSE:600585 XKRX:003670 NSE:GRASIM XTER:HEI BOM:500387
Traded in Other Exchanges
N/A
Address
215/2, Jyoti Tower, Karbhar Galli, Nazar Camp, 6th Cross, Madhavpur Vadgaon, Belgaum, KA, IND, 590005
Website
https://www.keshavcement.com
Shri Keshav Cements & Infra Ltd is an Indian cement and cement products manufacturing company. It is engaged in the manufacture and sale of cement in Karnataka, Goa, and Maharashtra. Its segments include manufacturing and trading in cement, trading in coal, dealers of petrol and diesel, and solar energy generation and sale. The company generates a majority of its revenue from manufacturing and trading in the cement segment.

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