Prime Fresh (BOM:540404) Interest Expense : ₹-1 Mil (TTM As of Sep. 2024)

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What is Prime Fresh Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Prime Fresh's interest expense for the six months ended in Sep. 2024 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-1 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. Prime Fresh's Operating Income for the six months ended in Sep. 2024 was ₹ 67 Mil. Prime Fresh's Interest Expense for the six months ended in Sep. 2024 was ₹ -1 Mil. Prime Fresh's Interest Coverage for the quarter that ended in Sep. 2024 was 116.96. 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.

Prime Fresh Interest Expense Historical Data

The historical data trend for Prime Fresh'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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Prime Fresh Interest Expense Chart

Prime Fresh Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-4.75

-6.64

-4.00

-3.02

-3.49

Prime Fresh Semi-Annual Data
	Mar13	Mar14	Mar15	Mar16	Sep16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial															-1.58	-1.44	-2.83	-0.66	-0.58

Prime Fresh 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-1 Mil.

Prime Fresh (BOM:540404) 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.

Prime Fresh's Interest Expense for the six months ended in Sep. 2024 was ₹-1 Mil. Its Operating Income for the six months ended in Sep. 2024 was ₹67 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ₹0 Mil.

Prime Fresh'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	*	67.486	/	-0.577
	=	116.96

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Prime Fresh Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Prime Fresh Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Prime Fresh Ltd (BOM:540404) » Definitions » Interest Expense

Comparable Companies

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N/A

Address

102, Sanskar-2, Polytechnic Road, Near Ketav Petrol Pump, Ambawadi, Ahmedabad, GJ, IND, 380015

Website

https://www.primefreshlimited.com

Prime Fresh Ltd is an integrated Agri value chain institution in the domestic and international agricultural trade. The company is engaged in the procurement and distribution of Fruits and Vegetables. It focuses on sourcing, handling, grading, sorting, warehousing, packing, ripening, branding, warehousing, delivery of fruits and vegetables, and manpower management.

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