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FIEM Industries (BOM:532768) Interest Expense : ₹-29 Mil (TTM As of Mar. 2024)


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What is FIEM Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. FIEM Industries's interest expense for the three months ended in Mar. 2024 was ₹ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-29 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. FIEM Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 586 Mil. FIEM Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -4 Mil. FIEM Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 155.12. 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.

FIEM Industries Interest Expense Historical Data

The historical data trend for FIEM Industries'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.

FIEM Industries Interest Expense Chart

FIEM Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -175.47 -114.28 -78.38 -74.31 -29.38

FIEM Industries 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 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 -20.77 -17.49 -4.06 -4.06 -3.78

FIEM Industries 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 ₹-29 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.

FIEM Industries  (BOM:532768) 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.

FIEM Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-4 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹586 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹221 Mil.

FIEM Industries'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*585.578/-3.775
=155.12

* 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.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. FIEM Industries Ltd has enough cash to cover all of its debt. Its financial situation is stable.

FIEM Industries (BOM:532768) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » FIEM Industries Ltd (BOM:532768) » Definitions » Interest Expense
Comparable Companies
BOM:532796 BOM:541163 BOM:517168 NSE:PRECAM BOM:543387 BOM:500407 BOM:530367 BOM:517206 BOM:505744 BOM:505242 TSE:6902 MBLY TSE:5108 APTV XPAR:ML ISX:ASII XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
FIEMIND:India
Address
Aria Commercial Towers, Aerocity, Unit No.1A & 1C, 1st Floor, JW Marriott Hotel, New Delhi, IND, 110 037
Website
https://www.fiemindustries.com
FIEM Industries Ltd is an Indian company engaged in the manufacturing of automotive components. The company has identified two reportable business segments based on the nature of its products. The Automotive segment, which is the key revenue driver, comprises of automotive lighting and signaling equipment, rearview mirrors, prismatic mirrors, plastic molded parts, and sheet metal components for motorized vehicles and other parts for automotive. The LED Luminaries segment comprises led luminaries including indoor and outdoor lighting, display panel, and LED integrated passenger information system among others.

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