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Magadh Sugar & Energy (BOM:540650) Interest Expense : ₹-326 Mil (TTM As of Mar. 2024)


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What is Magadh Sugar & Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magadh Sugar & Energy's interest expense for the three months ended in Mar. 2024 was ₹ -112 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-326 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. Magadh Sugar & Energy's Operating Income for the three months ended in Mar. 2024 was ₹ 740 Mil. Magadh Sugar & Energy's Interest Expense for the three months ended in Mar. 2024 was ₹ -112 Mil. Magadh Sugar & Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 6.61. 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.

Magadh Sugar & Energy Interest Expense Historical Data

The historical data trend for Magadh Sugar & Energy'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.

Magadh Sugar & Energy Interest Expense Chart

Magadh Sugar & Energy Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only -483.27 -553.07 -397.80 -303.60 -326.17

Magadh Sugar & Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -92.37 -113.29 -65.90 -35.14 -111.84

Magadh Sugar & Energy 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 ₹-326 Mil.

* 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.

Magadh Sugar & Energy  (BOM:540650) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Magadh Sugar & Energy's Interest Expense for the three months ended in Mar. 2024 was ₹-112 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹740 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹725 Mil.

Magadh Sugar & Energy'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*739.731/-111.837
=6.61

* 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.

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

Magadh Sugar & Energy (BOM:540650) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Magadh Sugar & Energy ltd (BOM:540650) » Definitions » Interest Expense
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Traded in Other Exchanges
MAGADSUGAR:India
Address
9/1, R.N. Mukherjee Road, Birla Building, 5th Floor, Kolkata, WB, IND, 700 001
Website
http://www.birla-sugar.com
Magadh Sugar & Energy ltd is engaged in the business of sugar and its by-products. The company operates through the following business segments: Sugar, Distillery, and Co-generation. The product portfolio of the company includes sugar, molasses, industrial alcohol and ethanol, canned food, and fruit products.

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