Bannari Amman Spinning Mills (BOM:532674) Interest Expense : ₹-439 Mil (TTM As of Dec. 2024)

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What is Bannari Amman Spinning Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bannari Amman Spinning Mills's interest expense for the three months ended in Dec. 2024 was ₹ -110 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-439 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. Bannari Amman Spinning Mills's Operating Income for the three months ended in Dec. 2024 was ₹ 138 Mil. Bannari Amman Spinning Mills's Interest Expense for the three months ended in Dec. 2024 was ₹ -110 Mil. Bannari Amman Spinning Mills's Interest Coverage for the quarter that ended in Dec. 2024 was 1.25. 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.

Bannari Amman Spinning Mills Interest Expense Historical Data

The historical data trend for Bannari Amman Spinning Mills'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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Bannari Amman Spinning Mills Interest Expense Chart

Bannari Amman Spinning Mills Annual Data

Trend

Mar15

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Mar24

Interest Expense

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-683.58

-593.32

-499.23

-402.42

-464.51

Bannari Amman Spinning Mills 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															-124.63	-98.78	-117.22	-112.92	-109.71

Bannari Amman Spinning Mills 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 ₹-439 Mil.

Bannari Amman Spinning Mills (BOM:532674) 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.

Bannari Amman Spinning Mills's Interest Expense for the three months ended in Dec. 2024 was ₹-110 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹138 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Bannari Amman Spinning Mills'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	*	137.593	/	-109.706
	=	1.25

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. Bannari Amman Spinning Mills Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Bannari Amman Spinning Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bannari Amman Spinning Mills Ltd (BOM:532674) » Definitions » Interest Expense

Traded in Other Exchanges

BASML:India

Address

252, Mettupalayam Road, Coimbatore, TN, IND, 641 043

Website

https://www.bannarimills.com

Bannari Amman Spinning Mills Ltd is an integrated textile company engaged in the manufacturing of grey woven fabrics, knitted fabrics, and cotton yarn. The company is also engaged in the business of processing fabrics, garments, and wind power generation for captive consumption. It operates through the Textiles segment. Its divisions include Spinning, Weaving, Knitting, Processing, Garments, Home Textiles, and Wind. The products offered by the company include Mercerised polos, Hoodies, Bed linen set, Baby bath towels, and Baby duvet covers. Geographically, the group has a business presence in India and other countries, from which key revenue is derived within India.

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