Goyal Aluminiums (BOM:541152) Interest Expense : ₹-2.0 Mil (TTM As of Dec. 2023)

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What is Goyal Aluminiums Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Goyal Aluminiums's interest expense for the three months ended in Dec. 2023 was ₹ -0.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-2.0 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. Goyal Aluminiums's Operating Income for the three months ended in Dec. 2023 was ₹ 9.5 Mil. Goyal Aluminiums's Interest Expense for the three months ended in Dec. 2023 was ₹ -0.2 Mil. Goyal Aluminiums's Interest Coverage for the quarter that ended in Dec. 2023 was 38.29. 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.

Goyal Aluminiums Interest Expense Historical Data

The historical data trend for Goyal Aluminiums'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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Goyal Aluminiums Interest Expense Chart

Goyal Aluminiums Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-0.83

-0.76

-1.51

-3.17

-4.24

Goyal Aluminiums Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Dec22	Mar23	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial											-0.51	-2.45	-0.84	-0.86	-0.25

Goyal Aluminiums 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-2.0 Mil.

Goyal Aluminiums (BOM:541152) 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.

Goyal Aluminiums's Interest Expense for the three months ended in Dec. 2023 was ₹-0.2 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹9.5 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

Goyal Aluminiums's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	9.533	/	-0.249
	=	38.29

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

Goyal Aluminiums (BOM:541152) Business Description

Industry

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GOYALALUM:India

Address

Chuna Mandi, 2814/6 Ground Floor, Paharganj, New Delhi, IND, 110055

Website

https://www.goyalaluminiums.com

Goyal Aluminiums Ltd is engaged in trading Aluminium Sheets, Aluminium Coils, Aluminium Sections, Glass, Fabric, and Printing Machines.

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