Meyer Apparel (BOM:531613) Interest Expense : ₹-0.07 Mil (TTM As of Sep. 2024)

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What is Meyer Apparel Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meyer Apparel's interest expense for the three months ended in Sep. 2024 was ₹ -0.03 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-0.07 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. Meyer Apparel's Operating Income for the three months ended in Sep. 2024 was ₹ -2.96 Mil. Meyer Apparel's Interest Expense for the three months ended in Sep. 2024 was ₹ -0.03 Mil. Meyer Apparel did not have earnings to cover the interest expense. 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.

Meyer Apparel Interest Expense Historical Data

The historical data trend for Meyer Apparel'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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Meyer Apparel Interest Expense Chart

Meyer Apparel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-2.65

-1.91

-0.03

-0.12

-0.13

Meyer Apparel Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-0.06	-0.09	0.08	-0.03	-0.03

Meyer Apparel 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-0.07 Mil.

Meyer Apparel (BOM:531613) 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.

Meyer Apparel's Interest Expense for the three months ended in Sep. 2024 was ₹-0.03 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹-2.96 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹0.00 Mil.

Meyer Apparel's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Meyer Apparel did not have earnings to cover the interest expense.

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

Meyer Apparel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Meyer Apparel Ltd (BOM:531613) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 and 4, Mustil No. 19, Killa No. 5, Opposite Tata Consultancy N.H-8, Village Narsinghpur, Gurugram, HR, IND, 122004

Website

https://www.meyerapparel.com

Meyer Apparel Ltd engages in the manufacture and sale of readymade garments. The company provides formal dressing products, including suits; blue/white button-down shirts, ties, and black shoes and belts. It also offers normal wear, such as jeans, white T-shirts, sweaters, and sneakers, as well as jackets and trousers for men. In addition, the company offers accessories, such as leather wallets, watches, ties and eyewear.

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