Panafic Industrials (BOM:538860) Interest Expense : ₹0.00 Mil (TTM As of Mar. 2024)

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What is Panafic Industrials Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Panafic Industrials's interest expense for the three months ended in Mar. 2024 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹0.00 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. Panafic Industrials's Operating Income for the three months ended in Mar. 2024 was ₹ -3.09 Mil. Panafic Industrials's Interest Expense for the three months ended in Mar. 2024 was ₹ 0.00 Mil. Panafic Industrials 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.

Panafic Industrials Interest Expense Historical Data

The historical data trend for Panafic Industrials'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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Panafic Industrials Interest Expense Chart

Panafic Industrials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.05

-0.03

-0.01

Panafic Industrials 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															-	-	-	-	-

Panafic Industrials 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 ₹0.00 Mil.

Panafic Industrials (BOM:538860) 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.

Panafic Industrials's Interest Expense for the three months ended in Mar. 2024 was ₹0.00 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-3.09 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0.00 Mil.

Panafic Industrials's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Panafic Industrials had no long-term debt ⁽¹⁾.

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

Good Sign:

Panafic Industrials Ltd has no debt.

Panafic Industrials (BOM:538860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Panafic Industrials Ltd (BOM:538860) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Club Road, 23, IInd Floor, North West Avenue, West Punjabi Bagh, New Delhi, Delhi, IND, 110026

Website

http://www.panaficindustrialsltd.com

Panafic Industrials Ltd is a non-banking financial company. The main operation of the company is to finance industrial enterprises by way of making loans or advances mainly to private industrial enterprises in India and dealing in the sale purchase of securities. Panafic deals in shares, stocks, debentures, bonds and other investments. The company also finances corporations and other individuals by way of loans or advances or subscribing to capital.

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