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R&B Denims (BOM:538119) Interest Expense : ₹-53 Mil (TTM As of Mar. 2024)


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What is R&B Denims Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. R&B Denims's interest expense for the three months ended in Mar. 2024 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-53 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. R&B Denims's Operating Income for the three months ended in Mar. 2024 was ₹ 84 Mil. R&B Denims's Interest Expense for the three months ended in Mar. 2024 was ₹ -1 Mil. R&B Denims's Interest Coverage for the quarter that ended in Mar. 2024 was 60.61. 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.

R&B Denims Interest Expense Historical Data

The historical data trend for R&B Denims'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.

R&B Denims Interest Expense Chart

R&B Denims 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 -59.92 -55.79 -49.74 -54.27 -53.41

R&B Denims 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 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 -13.45 -12.26 -15.56 -24.20 -1.39

R&B Denims 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 ₹-53 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.

R&B Denims  (BOM:538119) 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.

R&B Denims's Interest Expense for the three months ended in Mar. 2024 was ₹-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹84 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹281 Mil.

R&B Denims'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*84.246/-1.39
=60.61

* 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.

R&B Denims (BOM:538119) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » R&B Denims Ltd (BOM:538119) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Sachin Palsana Road, Block No. 467, Palsana, Surat, GJ, IND, 394315
Website
https://www.rnbdenims.com
R&B Denims Ltd is a textile manufacturing company. Principally, it is engaged in the business of manufacturing and selling denim textile products. The company's product consists of open-end or ring spun yarns, slub yarns, multi-count, cotton and polyester spandex products with indigo dyed, sulphur dyed, indigo bottom sulphur toppings, sulphur-bottom and indigo toppings with foam and wet finishes. In addition, it also provides fancy yarn play in weft patterns in various weave designs, such as plain, twill, and broken twill, oxford, satin, matty, dobby, and knitted dobby. The Company has three segments. Denims manufacturing, Solar, and Windmill. The company generates the majority of its revenue from the denim segment.

R&B Denims (BOM:538119) Headlines

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