VMS Industries (BOM:533427) Interest Expense : ₹-16 Mil (TTM As of Mar. 2024)

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What is VMS Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. VMS Industries's interest expense for the three months ended in Mar. 2024 was ₹ 6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-16 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. VMS Industries's Operating Income for the three months ended in Mar. 2024 was ₹ -6 Mil. VMS Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ 6 Mil. VMS Industries did not have earnings to cover the interest expense. 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.

VMS Industries Interest Expense Historical Data

The historical data trend for VMS 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.

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VMS Industries Interest Expense Chart

VMS Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-13.80

-30.33

-15.89

-16.50

-16.44

VMS 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															-4.68	-4.55	-10.66	-7.00	5.77

VMS 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 ₹-16 Mil.

VMS Industries (BOM:533427) 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.

VMS Industries's Interest Expense for the three months ended in Mar. 2024 was ₹6 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹28 Mil.

VMS Industries's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

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

VMS Industries (BOM:533427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » VMS Industries Ltd (BOM:533427) » Definitions » Interest Expense

Comparable Companies

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Address

Corporate Road, Opposite Royal Orchid, 808-C, Pinnacle Business Park, Prahladnagar, Ahmedabad, GJ, IND, 380015

Website

http://www.vmsil.in

VMS Industries Ltd provides ship recycling and offshore services. The Company is engaged in the business of breaking old and used ships segment. On the basis of the dominant source, the nature of risks and returns and the internal organization, the company has identified two operating segments: Manufacturing and Trading. Manufacturing in respect of Ship-Breaking business activities and Trading In respect of trading in Ferrous and Non-Ferrous metals. The majority of income is from the Manufacturing segment.

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