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Meghna Infracon Infrastructure (BOM:538668) Interest Expense : ₹-4.0 Mil (TTM As of Sep. 2024)


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What is Meghna Infracon Infrastructure Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meghna Infracon Infrastructure's interest expense for the three months ended in Sep. 2024 was ₹ -2.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-4.0 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. Meghna Infracon Infrastructure's Operating Income for the three months ended in Sep. 2024 was ₹ 5.4 Mil. Meghna Infracon Infrastructure's Interest Expense for the three months ended in Sep. 2024 was ₹ -2.8 Mil. Meghna Infracon Infrastructure's Interest Coverage for the quarter that ended in Sep. 2024 was 1.95. 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.

Meghna Infracon Infrastructure Interest Expense Historical Data

The historical data trend for Meghna Infracon Infrastructure'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.

Meghna Infracon Infrastructure Interest Expense Chart

Meghna Infracon Infrastructure 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 -2.49 -0.19 -1.78 -4.77 -2.53

Meghna Infracon Infrastructure Quarterly Data
Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 - -0.06 -1.05 -0.11 -2.77

Meghna Infracon Infrastructure 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-4.0 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.

Meghna Infracon Infrastructure  (BOM:538668) 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.

Meghna Infracon Infrastructure's Interest Expense for the three months ended in Sep. 2024 was ₹-2.8 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹5.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹1.2 Mil.

Meghna Infracon Infrastructure's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Sep. 2024 )/Interest Expense (Q: Sep. 2024 )
=-1*5.399/-2.767
=1.95

* 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.

Meghna Infracon Infrastructure Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Meghna Infracon Infrastructure Ltd (BOM:538668) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
S.V. Road, 102/104, Shivam Chambers, Above Spectra Motors Showroom, Goregaon (West), Mumbai, MH, IND, 400062
Website
https://www.meghnarealty.com
Meghna Infracon Infrastructure Ltd is in the real estate sector. The company's project includes Ashraya Heights, Rasik CHS, Kamalalaya, Mukund Kunj, Nav Sudhir, Abhishek, Shillo Mahal, Sharad CHS, Rivaan, and Pai Niwas. The company generates revenue from the sale of shares.

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