Ranjeet Mechatronics (BOM:541945) Interest Expense : ₹-11.7 Mil (TTM As of Sep. 2024)

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What is Ranjeet Mechatronics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Ranjeet Mechatronics's interest expense for the six months ended in Sep. 2024 was ₹ -6.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-11.7 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. Ranjeet Mechatronics's Operating Income for the six months ended in Sep. 2024 was ₹ -0.3 Mil. Ranjeet Mechatronics's Interest Expense for the six months ended in Sep. 2024 was ₹ -6.1 Mil. Ranjeet Mechatronics did not have earnings to cover the interest expense. 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.

Ranjeet Mechatronics Interest Expense Historical Data

The historical data trend for Ranjeet Mechatronics'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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Ranjeet Mechatronics Interest Expense Chart

Ranjeet Mechatronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-14.08

-12.81

-14.55

-12.29

-12.17

Ranjeet Mechatronics Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial													-8.26	-4.03	-6.56	-5.61	-6.11

Ranjeet Mechatronics 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 ₹-11.7 Mil.

Ranjeet Mechatronics (BOM:541945) 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.

Ranjeet Mechatronics's Interest Expense for the six months ended in Sep. 2024 was ₹-6.1 Mil. Its Operating Income for the six months ended in Sep. 2024 was ₹-0.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ₹9.3 Mil.

Ranjeet Mechatronics's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Ranjeet Mechatronics did not have earnings to cover the interest expense.

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

Ranjeet Mechatronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ranjeet Mechatronics Ltd (BOM:541945) » Definitions » Interest Expense

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Address

Anand Nagar Cross Road, Prahlad Nagar Road, Block A, Office No. 407/408, 4th Floor, Dev Aurum, Ahmedabad, GJ, IND, 380 015

Website

https://www.ranjeet.co.in

Ranjeet Mechatronics Ltd is a company providing specialized firefighting solutions as a system integrator. Products and services offered by the company include pump, motor, engine, valves, fire fighting accessories and equipment, and others.

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