Shubham Polyspin (BOM:542019) Interest Expense : ₹-8.2 Mil (TTM As of Dec. 2023)

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What is Shubham Polyspin Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shubham Polyspin's interest expense for the three months ended in Dec. 2023 was ₹ -2.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-8.2 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. Shubham Polyspin's Operating Income for the three months ended in Dec. 2023 was ₹ 2.1 Mil. Shubham Polyspin's Interest Expense for the three months ended in Dec. 2023 was ₹ -2.1 Mil. Shubham Polyspin's Interest Coverage for the quarter that ended in Dec. 2023 was 1.02. 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.

Shubham Polyspin Interest Expense Historical Data

The historical data trend for Shubham Polyspin'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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Shubham Polyspin Interest Expense Chart

Shubham Polyspin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-10.00

-8.87

-7.76

-9.52

-10.42

Shubham Polyspin Quarterly Data
	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-3.02	-1.78	-2.19	-2.13	-2.09

Shubham Polyspin 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 ₹-8.2 Mil.

Shubham Polyspin (BOM:542019) 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.

Shubham Polyspin's Interest Expense for the three months ended in Dec. 2023 was ₹-2.1 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹2.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

Shubham Polyspin'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	*	2.141	/	-2.089
	=	1.02

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

Shubham Polyspin (BOM:542019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shubham Polyspin Ltd (BOM:542019) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Jetpura - Basantpura Road, Block No. 748, Saket Industrial Estate, Near Kaneria Oil Mill, Village Borisana, Taluka Kadi, Mahesana, GJ, IND, 382728

Website

https://www.shubhampolyspin.com

Shubham Polyspin Ltd is an India based textile company. The company is engaged in the manufacturing of Multifilament yarns. Its products offerings include Polypropylene multifilament yarn (twisted and air intermingled yarn), Shubhlon bag closing threads, and PP webbings and narrow woven fabrics. The company operates in India and sells products under the brand name Shubhlon.

Shubham Polyspin (BOM:542019) Headlines

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