Captain Polyplast (BOM:536974) Interest Expense : ₹-109 Mil (TTM As of Mar. 2024)

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What is Captain Polyplast Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Captain Polyplast's interest expense for the three months ended in Mar. 2024 was ₹ -29 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-109 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. Captain Polyplast's Operating Income for the three months ended in Mar. 2024 was ₹ 80 Mil. Captain Polyplast's Interest Expense for the three months ended in Mar. 2024 was ₹ -29 Mil. Captain Polyplast's Interest Coverage for the quarter that ended in Mar. 2024 was 2.73. 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.

Captain Polyplast Interest Expense Historical Data

The historical data trend for Captain Polyplast'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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Captain Polyplast Interest Expense Chart

Captain Polyplast Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-87.32

-87.33

-99.69

-93.81

-109.45

Captain Polyplast 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															-26.56	-25.30	-26.47	-28.37	-29.31

Captain Polyplast 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 ₹-109 Mil.

Captain Polyplast (BOM:536974) 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.

Captain Polyplast's Interest Expense for the three months ended in Mar. 2024 was ₹-29 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹80 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹285 Mil.

Captain Polyplast'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	*	80.027	/	-29.305
	=	2.73

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

Captain Polyplast (BOM:536974) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Captain Polyplast Ltd (BOM:536974) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Survey No. 267, Plot No. 10A, 10B and 11, N.H. No.27, Captain Gate, Shapar - Veraval, Rajkot, GJ, IND, 360 024

Website

https://www.captainpolyplast.com

Captain Polyplast Ltd is engaged in the business of manufacturing and selling micro-irrigation systems and allied products. The segments include Manufacturing of Micro Irrigation Systems & Allied Products and DCA cum CS of Indian Oil Corporation Ltd. (IOCL) - PolymerBusiness. Its products include Irrigation Equipments including drip irrigation system, irrigation laterals, compression fittings, valves, irrigation filters, venturi injectors, sprinkler irrigation system, mini sprinkler irrigation system, greenhouse, and mulch films; Solar System including solar water pumping system, solar fence energizer, solar water heater, solar street light system; Fertilizer; Polymer; and Pipes and Fittings. The majority of the revenue is from the Micro Irrigation Systems & Allied Products segment.

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