Sky Gold (BOM:541967) Interest Expense : ₹-205 Mil (TTM As of Mar. 2024)

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What is Sky Gold Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sky Gold's interest expense for the three months ended in Mar. 2024 was ₹ -66 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-205 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. Sky Gold's Operating Income for the three months ended in Mar. 2024 was ₹ 232 Mil. Sky Gold's Interest Expense for the three months ended in Mar. 2024 was ₹ -66 Mil. Sky Gold's Interest Coverage for the quarter that ended in Mar. 2024 was 3.50. 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.

Sky Gold Interest Expense Historical Data

The historical data trend for Sky Gold'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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Sky Gold Interest Expense Chart

Sky Gold Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-55.88

-61.50

-71.50

-108.12

-205.36

Sky Gold Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-36.27	-41.63	-50.08	-47.43	-66.22

Sky Gold 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 ₹-205 Mil.

Sky Gold (BOM:541967) 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.

Sky Gold's Interest Expense for the three months ended in Mar. 2024 was ₹-66 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹232 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹267 Mil.

Sky Gold'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	*	231.763	/	-66.217
	=	3.50

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

Sky Gold (BOM:541967) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sky Gold Ltd (BOM:541967) » Definitions » Interest Expense

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SKYGOLD:India

Address

Kalbadevi Road, 267-271, Kanak Chambers, Office No.12A,13,14, 1st Floor, Opposite Adarsh Hotel, Mumbai, MH, IND, 400 002

Website

https://www.skygold.co.in

Sky Gold Ltd is an India-based company engaged in the business of designing, manufacturing, and marketing gold jewelry. It caters to a large number of wholesalers, showrooms, and retailers who buy the products in bulk quantities. The company's product portfolio includes Finger rings, Earrings, Studs, Chains, Pendants, pendant sets, Double hook pendants, Bracelets, Necklaces, and Bangles among others.

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