Binny Mills (BOM:535620) Interest Expense : ₹-127.28 Mil (TTM As of Mar. 2024)

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What is Binny Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Binny Mills's interest expense for the three months ended in Mar. 2024 was ₹ -26.14 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-127.28 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. Binny Mills's Operating Income for the three months ended in Mar. 2024 was ₹ -41.52 Mil. Binny Mills's Interest Expense for the three months ended in Mar. 2024 was ₹ -26.14 Mil. Binny Mills 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.

Binny Mills Interest Expense Historical Data

The historical data trend for Binny Mills'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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Binny Mills Interest Expense Chart

Binny Mills Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-7.34

-7.32

-7.96

-136.54

-127.28

Binny Mills 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															-34.11	-34.13	-33.51	-33.51	-26.14

Binny Mills 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 ₹-127.28 Mil.

Binny Mills (BOM:535620) 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.

Binny Mills's Interest Expense for the three months ended in Mar. 2024 was ₹-26.14 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-41.52 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,407.09 Mil.

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

Binny Mills did not have earnings to cover the interest expense.

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

Binny Mills (BOM:535620) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Binny Mills Ltd (BOM:535620) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

TCP Sapthagiri Bhavan, New No. 4, Old No. 10, Karpagambal Nagar, Mylapore, Chennai, TN, IND, 600004

Website

https://www.bmlindia.com

Binny Mills Ltd is engaged in the retail trading of textile products. The business activity of the firm is operated through three divisions namely Warehousing, Showrooms, and Textiles. The Warehousing division has rented its warehouses and is deriving rental income from it. The Showrooms are engaged in the retail selling of textile materials and the Textile division is engaged in selling textile materials, particularly uniform materials, bedspreads, and other textile varieties. The company generates the majority of its revenue from the Warehousing division.

Binny Mills (BOM:535620) Headlines

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