Manomay Tex India (BOM:540396) Interest Expense : ₹-250 Mil (TTM As of Sep. 2024)

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What is Manomay Tex India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Manomay Tex India's interest expense for the three months ended in Sep. 2024 was ₹ -94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-250 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. Manomay Tex India's Operating Income for the three months ended in Sep. 2024 was ₹ 154 Mil. Manomay Tex India's Interest Expense for the three months ended in Sep. 2024 was ₹ -94 Mil. Manomay Tex India's Interest Coverage for the quarter that ended in Sep. 2024 was 1.65. 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.

Manomay Tex India Interest Expense Historical Data

The historical data trend for Manomay Tex India'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.

Manomay Tex India Interest Expense Chart

Manomay Tex India Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-75.16

-61.28

-87.36

-143.20

-178.27

Manomay Tex India 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															-39.71	-40.88	-63.30	-52.30	-93.76

Manomay Tex India 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 ₹-250 Mil.

Manomay Tex India (BOM:540396) 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.

Manomay Tex India's Interest Expense for the three months ended in Sep. 2024 was ₹-94 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹154 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹1,868 Mil.

Manomay Tex India'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	*	154.264	/	-93.763
	=	1.65

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Manomay Tex India Ltd interest coverage is 1.78, which is low.

Manomay Tex India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Manomay Tex India Ltd (BOM:540396) » Definitions » Interest Expense

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MANOMAY:India

Address

Pur Road, 32, Heera Panna Market, Bhilwara, RJ, IND, 311001

Website

https://www.manomaytexindia.com

Manomay Tex India Ltd is an Indian company engaged in trading and manufacturing of Denim textile fabrics. The company offers its products under the brand name Manomay within the Indian and international market. It generates a majority of its revenue within India.

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