Mefcom Capital Markets (BOM:531176) Interest Expense : ₹-6 Mil (TTM As of Dec. 2023)

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What is Mefcom Capital Markets Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mefcom Capital Markets's interest expense for the three months ended in Dec. 2023 was ₹ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-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. Mefcom Capital Markets's Operating Income for the three months ended in Dec. 2023 was ₹ 37 Mil. Mefcom Capital Markets's Interest Expense for the three months ended in Dec. 2023 was ₹ -2 Mil. Mefcom Capital Markets's Interest Coverage for the quarter that ended in Dec. 2023 was 22.51. 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.

Mefcom Capital Markets Interest Expense Historical Data

The historical data trend for Mefcom Capital Markets'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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Mefcom Capital Markets Interest Expense Chart

Mefcom Capital Markets Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.01

-0.50

-6.00

-7.98

Mefcom Capital Markets Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-2.22	-1.99	-1.50	-1.31	-1.63

Mefcom Capital Markets 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-6 Mil.

Mefcom Capital Markets (BOM:531176) 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.

Mefcom Capital Markets's Interest Expense for the three months ended in Dec. 2023 was ₹-2 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹37 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Mefcom Capital Markets's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	36.786	/	-1.634
	=	22.51

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

Mefcom Capital Markets (BOM:531176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mefcom Capital Markets Ltd (BOM:531176) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

5th Floor, 77, Nehru Place, Sanchi Building, Flat No. 18, New Delhi, IND, 110019

Website

https://www.mefcom.in

Mefcom Capital Markets Ltd is an India-based company engaged in capital market operations and merchant banking activities. The company provides investment and financial services in the field of investment banking, corporate advisory, mergers and acquisitions, brokerage, and trading in equities, derivatives, commodities, and others. It operates through the business segments of Trading in Shares & Securities and Merchant Banking Services. The group operates in India and derives maximum revenue from the Trading in Shares & Securities segment.

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