Polyspin Exports (BOM:539354) Interest Expense : ₹-40 Mil (TTM As of Mar. 2024)

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What is Polyspin Exports Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Polyspin Exports's interest expense for the three months ended in Mar. 2024 was ₹ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-40 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. Polyspin Exports's Operating Income for the three months ended in Mar. 2024 was ₹ -24 Mil. Polyspin Exports's Interest Expense for the three months ended in Mar. 2024 was ₹ -10 Mil. Polyspin Exports did not have earnings to cover the interest expense. 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.

Polyspin Exports Interest Expense Historical Data

The historical data trend for Polyspin Exports'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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Polyspin Exports Interest Expense Chart

Polyspin Exports Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-45.91

-52.37

-48.10

-31.01

-39.15

Polyspin Exports 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															-7.90	-10.67	-8.79	-10.58	-10.12

Polyspin Exports 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 ₹-40 Mil.

Polyspin Exports (BOM:539354) 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.

Polyspin Exports's Interest Expense for the three months ended in Mar. 2024 was ₹-10 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹-24 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹205 Mil.

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

Polyspin Exports did not have earnings to cover the interest expense.

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

Polyspin Exports (BOM:539354) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Polyspin Exports Ltd (BOM:539354) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1, Railway Feeder Road, Cholapuram South, Rajapalayam, TN, IND, 626139

Website

http://www.polyspin.org

Polyspin Exports Ltd is engaged in the manufacturing, selling, and export of polypropylene woven flexible intermediate bulk container bags. It offers products, such as Baffle/Q bags, Tubular coated bags, Asbestos plate bags, Normal u-panel bags, Container bags, Full discharge bags, One/two-loop bags, Single/double/triple sift-proof bags, UN certified bags, Under sling bags, and Circular bulk bags. The segments of the group are FIBC Bags, Fabric, Yarn, which is the prime revenue driver; and Cotton Yarn. The group sells its products in India and also exports it to the other countries.

Polyspin Exports (BOM:539354) Headlines

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