Bansal Roofing Products (BOM:538546) Interest Expense : ₹-6 Mil (TTM As of Dec. 2023)

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What is Bansal Roofing Products Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bansal Roofing Products's interest expense for the three months ended in Dec. 2023 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-6 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. Bansal Roofing Products's Operating Income for the three months ended in Dec. 2023 was ₹ 11 Mil. Bansal Roofing Products's Interest Expense for the three months ended in Dec. 2023 was ₹ -1 Mil. Bansal Roofing Products's Interest Coverage for the quarter that ended in Dec. 2023 was 8.64. 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.

Bansal Roofing Products Interest Expense Historical Data

The historical data trend for Bansal Roofing Products'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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Bansal Roofing Products Interest Expense Chart

Bansal Roofing Products Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.41

-0.55

-0.33

-1.10

-5.32

Bansal Roofing Products Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-1.37	-1.23	-1.53	-1.68	-1.31

Bansal Roofing Products 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-6 Mil.

Bansal Roofing Products (BOM:538546) 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.

Bansal Roofing Products's Interest Expense for the three months ended in Dec. 2023 was ₹-1 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹11 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Bansal Roofing Products's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	11.307	/	-1.308
	=	8.64

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

Bansal Roofing Products (BOM:538546) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bansal Roofing Products Ltd (BOM:538546) » Definitions » Interest Expense

Comparable Companies

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Address

274/2, Samlaya Sherpura Road, Village: Pratapnagar, Taluka: Savli, Vadodara, GJ, IND, 391520

Website

http://www.bansalroofing.com

Bansal Roofing Products Ltd is an Indian company engaged in the trading, manufacturing, and supply of roofing products. The company's products and services include pre-engineered building; color coated roofing sheet, roof ventilation system, skylight sheets, Z AND C purlins, louvers, installation, and consultancy. It also provides pre-engineering buildings for use in various applications consisting of factories, workshops, commercial showrooms, warehouses, community halls. The company's principal source of revenue is through the sale of roofing products.

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