GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Brijlaxmi Leasing & Finance Ltd (BOM:532113) » Definitions » Interest Expense

Brijlaxmi Leasing & Finance (BOM:532113) Interest Expense : ₹-13.93 Mil (TTM As of Dec. 2023)


View and export this data going back to 1997. Start your Free Trial

What is Brijlaxmi Leasing & Finance Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Brijlaxmi Leasing & Finance's interest expense for the three months ended in Dec. 2023 was ₹ -3.51 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-13.93 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. Brijlaxmi Leasing & Finance's Operating Income for the three months ended in Dec. 2023 was ₹ 7.18 Mil. Brijlaxmi Leasing & Finance's Interest Expense for the three months ended in Dec. 2023 was ₹ -3.51 Mil. Brijlaxmi Leasing & Finance's Interest Coverage for the quarter that ended in Dec. 2023 was 2.05. 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.


Brijlaxmi Leasing & Finance Interest Expense Historical Data

The historical data trend for Brijlaxmi Leasing & Finance'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.

* Premium members only.

Brijlaxmi Leasing & Finance Interest Expense Chart

Brijlaxmi Leasing & Finance Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.11 -0.10 -0.12 -2.35 -11.94

Brijlaxmi Leasing & Finance 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.51 -3.44 -3.47 -3.51 -3.51

Brijlaxmi Leasing & Finance 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 ₹-13.93 Mil.

* 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.


Brijlaxmi Leasing & Finance  (BOM:532113) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Brijlaxmi Leasing & Finance's Interest Expense for the three months ended in Dec. 2023 was ₹-3.51 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹7.18 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.00 Mil.

Brijlaxmi Leasing & Finance'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*7.184/-3.51
=2.05

* 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.

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. Brijlaxmi Leasing & Finance Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.


Brijlaxmi Leasing & Finance (BOM:532113) Business Description

Traded in Other Exchanges
N/A
Address
Near Jetalpur Road, 24, Suwernapuri Society, Chikuwadi, Alkapuri, Vadodara, GJ, IND, 390007
Brijlaxmi Leasing & Finance Ltd is a non-banking financial company and is engaged in the business of finance and Investments. The activities of the company include financing, investing in shares and other securities, Commodities and other related activities of capital market. The Company operates in the financial Service segment.

Brijlaxmi Leasing & Finance (BOM:532113) Headlines

No Headlines