Mishtann Foods (BOM:539594) Interest Expense : ₹-45 Mil (TTM As of Mar. 2024)

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What is Mishtann Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mishtann Foods's interest expense for the three months ended in Mar. 2024 was ₹ -9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-45 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. Mishtann Foods's Operating Income for the three months ended in Mar. 2024 was ₹ 991 Mil. Mishtann Foods's Interest Expense for the three months ended in Mar. 2024 was ₹ -9 Mil. Mishtann Foods's Interest Coverage for the quarter that ended in Mar. 2024 was 106.81. 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.

Mishtann Foods Interest Expense Historical Data

The historical data trend for Mishtann Foods'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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Mishtann Foods Interest Expense Chart

Mishtann Foods Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-42.60

-45.61

-35.62

-49.92

-44.56

Mishtann Foods 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															-13.64	-13.25	-11.54	-10.50	-9.28

Mishtann Foods 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 ₹-45 Mil.

Mishtann Foods (BOM:539594) 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.

Mishtann Foods's Interest Expense for the three months ended in Mar. 2024 was ₹-9 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹991 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹58 Mil.

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

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	990.896	/	-9.277
	=	106.81

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

Mishtann Foods (BOM:539594) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mishtann Foods Ltd (BOM:539594) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-905, Science City Road, Empire Business Hub, Opp. Shakti Farm, Sola, Daskroi, Ahmedabad, GJ, IND, 380060

Website

https://www.mishtann.com

Mishtann Foods Ltd is engaged primarily in agri business. The business activities consist of manufacturing and processing rice and wheat. Its product offering includes Wheat, Toor Dal, and Basmati rice. The company generates all of its revenue from domestic sales. The company has one operating segment, dealing in Agriculture Business.

Mishtann Foods (BOM:539594) Headlines

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