Rane Brake Linings (BOM:532987) Interest Expense : ₹-0 Mil (TTM As of Mar. 2024)

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What is Rane Brake Linings Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rane Brake Linings's interest expense for the three months ended in Mar. 2024 was ₹ -0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-0 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. Rane Brake Linings's Operating Income for the three months ended in Mar. 2024 was ₹ 218 Mil. Rane Brake Linings's Interest Expense for the three months ended in Mar. 2024 was ₹ -0 Mil. Rane Brake Linings's Interest Coverage for the quarter that ended in Mar. 2024 was 727.00. 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.

Rane Brake Linings Interest Expense Historical Data

The historical data trend for Rane Brake Linings'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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Rane Brake Linings Interest Expense Chart

Rane Brake Linings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.20

-2.50

-0.20

-0.50

-0.30

Rane Brake Linings 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															-0.30	-	-	-	-0.30

Rane Brake Linings 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 ₹-0 Mil.

Rane Brake Linings (BOM:532987) 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.

Rane Brake Linings's Interest Expense for the three months ended in Mar. 2024 was ₹-0 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹218 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹5 Mil.

Rane Brake Linings'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	*	218.1	/	-0.3
	=	727.00

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. Rane Brake Linings Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Rane Brake Linings (BOM:532987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane Brake Linings Ltd (BOM:532987) » Definitions » Interest Expense

Traded in Other Exchanges

RBL:India

Address

Malthri, No. 132, Cathedral Road, Rane Corporate Centre, Chennai, TN, IND, 600 086

Website

https://www.ranegroup.com

Rane Brake Linings Ltd manufactures and markets auto components. The company offers products such as brake linings, disc pads, clutch facings, clutch buttons, brake shoes and railway brake blocks for passenger cars, utility vehicles, commercial vehicles, two-wheelers, and railways. Geographically, it derives a majority of revenue from India and also has a presence in the Rest of the World. It is engaged in activities related to the manufacture and supply of auto components for the transportation industry.

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