Shri Venkatesh Refineries (BOM:543373) Interest Expense : ₹-54 Mil (TTM As of Sep. 2024)

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What is Shri Venkatesh Refineries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shri Venkatesh Refineries's interest expense for the three months ended in Sep. 2024 was ₹ -28 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-54 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. Shri Venkatesh Refineries's Operating Income for the three months ended in Sep. 2024 was ₹ 70 Mil. Shri Venkatesh Refineries's Interest Expense for the three months ended in Sep. 2024 was ₹ -28 Mil. Shri Venkatesh Refineries's Interest Coverage for the quarter that ended in Sep. 2024 was 2.50. 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.

Shri Venkatesh Refineries Interest Expense Historical Data

The historical data trend for Shri Venkatesh Refineries'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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Shri Venkatesh Refineries Interest Expense Chart

Shri Venkatesh Refineries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-36.52

-47.11

-58.32

-74.63

-52.56

Shri Venkatesh Refineries Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial													-26.85	-39.44	39.64	-25.98	-28.16

Shri Venkatesh Refineries 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 quarterly data reported by the company within the most recent 12 months, which was ₹-54 Mil.

Shri Venkatesh Refineries (BOM:543373) 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.

Shri Venkatesh Refineries's Interest Expense for the three months ended in Sep. 2024 was ₹-28 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹70 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹438 Mil.

Shri Venkatesh Refineries'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	*	70.375	/	-28.161
	=	2.50

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

Shri Venkatesh Refineries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shri Venkatesh Refineries Ltd (BOM:543373) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Gat No.16, Umarde Village, At Post Erandol, Jalgaon, MH, IND, 425109

Website

http://www.richsoya.in

Shri Venkatesh Refineries Ltd is an edible oil refining company in Maharashtra under the brand name, Rich Soya. It undertakes the refining and preservation of Edible oils. It is further engaged in the trading activities of soyabean oil, palm oil, cotton seed oil and sunflower oil. Its reportable business segment is the Manufacturing and Trading of Refined Oil and Raw Oil.

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