Trishakti Industries (BOM:531279) Interest Expense : ₹-2 Mil (TTM As of Mar. 2024)

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What is Trishakti Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trishakti Industries's interest expense for the three months ended in Mar. 2024 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2 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. Trishakti Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 28 Mil. Trishakti Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -1 Mil. Trishakti Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 19.74. 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.

Trishakti Industries Interest Expense Historical Data

The historical data trend for Trishakti 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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Trishakti Industries Interest Expense Chart

Trishakti Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.35

-0.78

-1.28

-0.87

-2.39

Trishakti 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															-0.40	-0.10	-0.38	-0.45	-1.41

Trishakti 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 ₹-2 Mil.

Trishakti Industries (BOM:531279) 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.

Trishakti Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹28 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

Trishakti 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	*	27.769	/	-1.407
	=	19.74

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

Trishakti Industries (BOM:531279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Trishakti Industries Ltd (BOM:531279) » Definitions » Interest Expense

Comparable Companies

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Address

Sector V, Godrej Genesis, 10th Floor, Unit No. 1007, Salt Lake City, Kolkata, WB, IND, 700 091

Website

http://www.trishakti.com

Trishakti Industries Ltd, formerly Trishakti Electronics & Industries Ltd is an infrastructure and Oil and Gas exploration service provider. It provides services to companies such as Oil and Natural Gas Corporation Ltd and other PSU's, private and multinational clients. The company is focused on providing advisory services for the seismic data center requirement; providing agency services to foreign service providers in the execution and management of the services in India; importing and trading for various spices from abroad and also focusing on the development of logistic services including warehousing, etc.

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