Shraddha Prime Projects (BOM:531771) Interest Expense : ₹-68 Mil (TTM As of Dec. 2024)

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What is Shraddha Prime Projects Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shraddha Prime Projects's interest expense for the three months ended in Dec. 2024 was ₹ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-68 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. Shraddha Prime Projects's Operating Income for the three months ended in Dec. 2024 was ₹ 115 Mil. Shraddha Prime Projects's Interest Expense for the three months ended in Dec. 2024 was ₹ -0 Mil. Shraddha Prime Projects's Interest Coverage for the quarter that ended in Dec. 2024 was 1,071.33. 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.

Shraddha Prime Projects Interest Expense Historical Data

The historical data trend for Shraddha Prime Projects'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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Shraddha Prime Projects Interest Expense Chart

Shraddha Prime Projects Annual Data

Trend

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Interest Expense

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-0.51

-64.61

Shraddha Prime Projects Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-0.03	-64.53	-2.98	-	-0.11

Shraddha Prime Projects 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-68 Mil.

Shraddha Prime Projects (BOM:531771) 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.

Shraddha Prime Projects's Interest Expense for the three months ended in Dec. 2024 was ₹-0 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹115 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Shraddha Prime Projects's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	114.632	/	-0.107
	=	1,071.33

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. Shraddha Prime Projects Ltd interest coverage is 2.19, which is low.

Shraddha Prime Projects Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shraddha Prime Projects Ltd (BOM:531771) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

A-309, Link Road, Kanara Business Centre Premises CS Ltd, Laxmi Nagar, Ghatkopar (East), Mumbai, MH, IND, 400 075

Website

https://www.shraddhaprimeprojects.in

Shraddha Prime Projects Ltd is engaged in the Real Estate Business. The company's focus is to create projects spanning all categories from residential buildings, and townships to slum rehabilitation projects. Its projects include Shraddha Peninsula and among others. The company has one business segment namely, Construction of Residential Complex/Dwellings.

Shraddha Prime Projects Headlines

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