Bharat Textiles & Proofing Industries (BOM:531029) Interest Expense : ₹-6.9 Mil (TTM As of Mar. 2024)

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What is Bharat Textiles & Proofing Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bharat Textiles & Proofing Industries's interest expense for the three months ended in Mar. 2024 was ₹ -0.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-6.9 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. Bharat Textiles & Proofing Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 1.0 Mil. Bharat Textiles & Proofing Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -0.6 Mil. Bharat Textiles & Proofing Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 1.69. 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.

Bharat Textiles & Proofing Industries Interest Expense Historical Data

The historical data trend for Bharat Textiles & Proofing 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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Bharat Textiles & Proofing Industries Interest Expense Chart

Bharat Textiles & Proofing Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-8.45

-8.86

-8.88

-7.32

-6.91

Bharat Textiles & Proofing Industries 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															-0.85	-2.11	-2.08	-2.13	-0.60

Bharat Textiles & Proofing 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-6.9 Mil.

Bharat Textiles & Proofing Industries (BOM:531029) 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.

Bharat Textiles & Proofing Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-0.6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹1.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹72.4 Mil.

Bharat Textiles & Proofing Industries'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	*	1.006	/	-0.597
	=	1.69

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. Bharat Textiles & Proofing Industries Ltd interest coverage is 1.2, which is low.

Bharat Textiles & Proofing Industries (BOM:531029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bharat Textiles & Proofing Industries Ltd (BOM:531029) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Old 43, New 64, Sattanna Naicken Street, Lane Adjacent to Natraj Theatre, Behind Angallamman Koil Backside, Choolai, Chennai, TN, IND, 600112

Website

https://www.bharatcanvas.com

Bharat Textiles & Proofing Industries Ltd is an India-based company. It is involved in the manufacturing and marketing of cotton canvas. It also manufactures tarpaulin. The company products include Truck Covers; Grey cotton canvas/duck; Polyester-Cotton, Chemically processed canvas; Waterproof, Rot proofed canvas; Fire Retardant Canvas; Army ducks and Number ducks; Relief Tents; Bags, Tents, Sleeping Bag Materials and others. It operates only in India.

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