Adarsh Mercantile (BOM:538563) Interest Expense : ₹-1.76 Mil (TTM As of Jun. 2024)

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What is Adarsh Mercantile Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Adarsh Mercantile's interest expense for the three months ended in Jun. 2024 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-1.76 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. Adarsh Mercantile's Operating Income for the three months ended in Jun. 2024 was ₹ 0.22 Mil. Adarsh Mercantile's Interest Expense for the three months ended in Jun. 2024 was ₹ 0.00 Mil. Adarsh Mercantile has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Adarsh Mercantile Interest Expense Historical Data

The historical data trend for Adarsh Mercantile'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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Adarsh Mercantile Interest Expense Chart

Adarsh Mercantile Annual Data

Trend

Mar15

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Mar20

Mar21

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Mar23

Mar24

Interest Expense

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-1.92

-2.19

-2.17

-2.37

-2.35

Adarsh Mercantile Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-0.59	-0.60	-0.63	-0.53	-

Adarsh Mercantile 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1.76 Mil.

Adarsh Mercantile (BOM:538563) 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.

Adarsh Mercantile's Interest Expense for the three months ended in Jun. 2024 was ₹0.00 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹0.22 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0.00 Mil.

Adarsh Mercantile's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Adarsh Mercantile had no long-term debt ⁽¹⁾.

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

Adarsh Mercantile Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Adarsh Mercantile Ltd (BOM:538563) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

3, Alipore Road, 8A and 8B, Satyam Towers, Kolkata, WB, IND, 700 027

Website

https://www.adarshmercantile.in

Adarsh Mercantile Ltd is an Indian company that operates in the commodity and financial services industry. The company is engaged in the business of trading goods, trading and investment in shares and securities.

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