Amit International (BOM:531300) Interest Expense : ₹0.00 Mil (TTM As of Mar. 2024)

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What is Amit International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Amit International's interest expense for the three months ended in Mar. 2024 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹0.00 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. Amit International's Operating Income for the three months ended in Mar. 2024 was ₹ -1.29 Mil. Amit International's Interest Expense for the three months ended in Mar. 2024 was ₹ 0.00 Mil. Amit International has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Amit International Interest Expense Historical Data

The historical data trend for Amit International'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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Amit International Interest Expense Chart

Amit International Annual Data

Trend

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Mar24

Interest Expense

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-0.01

-4.11

Amit International 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															-	-	-	-	-

Amit International 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 ₹0.00 Mil.

Amit International (BOM:531300) 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.

Amit International's Interest Expense for the three months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-1.29 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.00 Mil.

Amit International's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Amit International had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Amit International Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Amit International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Amit International Ltd (BOM:531300) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

29, New Marine Lines, 403 A, Dalamal Chambers, 4th Floor, Mumbai, MH, IND, 400020

Website

http://www.amitinternational.in

Amit International Ltd is an Indian firm engaged in the business of trading textiles, fabrics, readymade garments, yarn, hosiery, cotton and blended socks vests, and underwear. The company also deals in textiles made of silk, art-silk, rayon, staple and synthetic bres, cotton, wool, ax, hemp, and jute.

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