Indo Tech Transformers (BOM:532717) Interest Expense : ₹-37 Mil (TTM As of Mar. 2024)

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What is Indo Tech Transformers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Indo Tech Transformers's interest expense for the three months ended in Mar. 2024 was ₹ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-37 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. Indo Tech Transformers's Operating Income for the three months ended in Mar. 2024 was ₹ 258 Mil. Indo Tech Transformers's Interest Expense for the three months ended in Mar. 2024 was ₹ -12 Mil. Indo Tech Transformers's Interest Coverage for the quarter that ended in Mar. 2024 was 21.83. 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.

Indo Tech Transformers Interest Expense Historical Data

The historical data trend for Indo Tech Transformers'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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Indo Tech Transformers Interest Expense Chart

Indo Tech Transformers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.86

-1.34

-12.24

-27.20

-37.10

Indo Tech Transformers 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															-11.70	-6.90	-12.80	-5.60	-11.80

Indo Tech Transformers 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 ₹-37 Mil.

Indo Tech Transformers (BOM:532717) 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.

Indo Tech Transformers's Interest Expense for the three months ended in Mar. 2024 was ₹-12 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹258 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹37 Mil.

Indo Tech Transformers's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	257.6	/	-11.8
	=	21.83

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

Indo Tech Transformers (BOM:532717) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Indo Tech Transformers Ltd (BOM:532717) » Definitions » Interest Expense

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INDOTECH:India

Address

Survey No.153-210, Near Rajakulam, KM-64, Illuppapattu Village, Kancheepuram, TN, IND, 631561

Website

https://www.indo-tech.com

Indo Tech Transformers Ltd is engaged in the business of manufacturing power and distribution transformers and various special application transformers, mobile sub-station transformers, and various special application transformers, mobile sub-station transformers and sub-stations. The Company has its manufacturing plant located at Kancheepuram in Tamil Nadu. The majority of the geographical revenue of the company is generated in India.

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