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Rane Engine Valve (BOM:532988) Interest Expense : ₹-102 Mil (TTM As of Sep. 2024)


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What is Rane Engine Valve Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rane Engine Valve's interest expense for the three months ended in Sep. 2024 was ₹ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-102 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 Engine Valve's Operating Income for the three months ended in Sep. 2024 was ₹ 118 Mil. Rane Engine Valve's Interest Expense for the three months ended in Sep. 2024 was ₹ -28 Mil. Rane Engine Valve's Interest Coverage for the quarter that ended in Sep. 2024 was 4.17. 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 Engine Valve Interest Expense Historical Data

The historical data trend for Rane Engine Valve'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.

Rane Engine Valve Interest Expense Chart

Rane Engine Valve 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 -101.30 -81.40 -76.80 -92.10 -100.70

Rane Engine Valve Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 -24.70 -24.70 -23.40 -25.90 -28.20

Rane Engine Valve 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-102 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.

Rane Engine Valve  (BOM:532988) 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.

Rane Engine Valve's Interest Expense for the three months ended in Sep. 2024 was ₹-28 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹118 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹474 Mil.

Rane Engine Valve's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*117.6/-28.2
=4.17

* 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.

Rane Engine Valve Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rane Engine Valve Ltd (BOM:532988) » Definitions » Interest Expense
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Traded in Other Exchanges
RANEENGINE:India
Address
Jawaharlal Nehru Road, 2nd Floor, ESPEE IT PARK, Developed Plot No: 5 (NP), Ekkatuthangal, Guindy, Chennai, TN, IND, 600 032
Website
https://www.ranegroup.com
Rane Engine Valve Ltd is an India-based company, which is engaged in the manufacturing and marketing of auto components for the transportation industry. The company manufactures components for the internal combustion engine industry applicable for stationary and transportation engine applications. It offers engine valves, valve guides, and tappets for passenger cars, commercial vehicles, farm tractors, stationary engines, locomotive and marine engines, and two and three-wheelers.

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