Veer Global Infraconstruction (BOM:543241) Interest Expense : ₹-4.0 Mil (TTM As of Sep. 2024)

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What is Veer Global Infraconstruction Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Veer Global Infraconstruction's interest expense for the six months ended in Sep. 2024 was ₹ -2.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-4.0 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. Veer Global Infraconstruction's Operating Income for the six months ended in Sep. 2024 was ₹ 11.2 Mil. Veer Global Infraconstruction's Interest Expense for the six months ended in Sep. 2024 was ₹ -2.2 Mil. Veer Global Infraconstruction's Interest Coverage for the quarter that ended in Sep. 2024 was 5.14. 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.

Veer Global Infraconstruction Interest Expense Historical Data

The historical data trend for Veer Global Infraconstruction'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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Veer Global Infraconstruction Interest Expense Chart

Veer Global Infraconstruction Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-0.02

-0.24

-0.89

-0.69

-1.98

Veer Global Infraconstruction Semi-Annual Data
	Mar18	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial							-0.49	-0.20	-0.16	-1.82	-2.19

Veer Global Infraconstruction 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 ₹-4.0 Mil.

Veer Global Infraconstruction (BOM:543241) 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.

Veer Global Infraconstruction's Interest Expense for the six months ended in Sep. 2024 was ₹-2.2 Mil. Its Operating Income for the six months ended in Sep. 2024 was ₹11.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ₹137.4 Mil.

Veer Global Infraconstruction's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	11.222	/	-2.185
	=	5.14

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

Veer Global Infraconstruction Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Veer Global Infraconstruction Ltd (BOM:543241) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

A-01 Shalibhadra Classic, 100 feet Link Road, Near Union Bank of India, Nalasopara East, Thane, MH, IND, 401 209

Website

https://www.veergloballtd.com

Veer Global Infraconstruction Ltd is engaged in the construction business, such as location identification, acquisition, project planning, designing, and development. Its business divisions include residential projects, business and retail properties, Integrated Townships, and Commercials Plaza.

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