Manaksia Steels (BOM:539044) Interest Expense : ₹-79 Mil (TTM As of Dec. 2024)

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What is Manaksia Steels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Manaksia Steels's interest expense for the three months ended in Dec. 2024 was ₹ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-79 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. Manaksia Steels's Operating Income for the three months ended in Dec. 2024 was ₹ 42 Mil. Manaksia Steels's Interest Expense for the three months ended in Dec. 2024 was ₹ -21 Mil. Manaksia Steels's Interest Coverage for the quarter that ended in Dec. 2024 was 2.03. 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.

Manaksia Steels Interest Expense Historical Data

The historical data trend for Manaksia Steels'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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Manaksia Steels Interest Expense Chart

Manaksia Steels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-9.75

-15.57

-7.72

-27.57

-71.66

Manaksia Steels Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-29.63	-27.97	-16.75	-13.09	-20.92

Manaksia Steels 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-79 Mil.

Manaksia Steels (BOM:539044) 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.

Manaksia Steels's Interest Expense for the three months ended in Dec. 2024 was ₹-21 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹42 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Manaksia Steels's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	42.394	/	-20.917
	=	2.03

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

Manaksia Steels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Manaksia Steels Ltd (BOM:539044) » Definitions » Interest Expense

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MANAKSTEEL:India

Address

6 Lyons Range, 1st Floor, Turner Morrison Building, Kolkata, WB, IND, 700001

Website

https://www.manaksiasteels.com

Manaksia Steels Ltd is a manufacturer of value-added secondary steel products and is poised to cater to the increasing demands overseas and in India for the housing and infrastructure sectors. The company manufactures and sells steel products comprising Cold Rolled Steel Sheets and Coils, Galvanized Steel Sheets and Coils, Color Coated Steel sheets and coils, and others. Geographically, it derives a majority of its revenue from India.

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