Pace E Commerce Ventures (BOM:543637) Interest Expense : ₹-7.2 Mil (TTM As of Sep. 2024)

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What is Pace E Commerce Ventures Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pace E Commerce Ventures's interest expense for the six months ended in Sep. 2024 was ₹ -3.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-7.2 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. Pace E Commerce Ventures's Operating Income for the six months ended in Sep. 2024 was ₹ 15.3 Mil. Pace E Commerce Ventures's Interest Expense for the six months ended in Sep. 2024 was ₹ -3.1 Mil. Pace E Commerce Ventures's Interest Coverage for the quarter that ended in Sep. 2024 was 4.90. 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.

Pace E Commerce Ventures Interest Expense Historical Data

The historical data trend for Pace E Commerce Ventures'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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Pace E Commerce Ventures Interest Expense Chart

Pace E Commerce Ventures Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

-0.56

-2.06

-1.85

-5.30

-7.25

Pace E Commerce Ventures Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial			-5.62	0.32	-3.14	-4.11	-3.13

Pace E Commerce Ventures 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 ₹-7.2 Mil.

Pace E Commerce Ventures (BOM:543637) 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.

Pace E Commerce Ventures's Interest Expense for the six months ended in Sep. 2024 was ₹-3.1 Mil. Its Operating Income for the six months ended in Sep. 2024 was ₹15.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ₹25.8 Mil.

Pace E Commerce Ventures'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	*	15.342	/	-3.132
	=	4.90

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

Pace E Commerce Ventures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Pace E Commerce Ventures Ltd (BOM:543637) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Shahibaug, Office no.423, 4th Floor, „C? Block, Sumel -11, Opposite Namaste Circle, Ahmedabad, GJ, IND, 380004

Website

https://www.cotandcandy.com

Pace E Commerce Ventures Ltd offers children's furniture, bedding, housewares and essentials. The company's product portfolio includes Beds and Cribs, Seating and Lounging, Storage and Organisers, Playroom Furniture, Bins and Baskets, Decor and Accessories, Kids Bedding, Baby Bedding, Baby and Kids Essentials, Dinning Essentials and Homeware, Sports Ride Ons and Outdoor, Art and Craft, Games and Puzzles, Scooters and Ride Ons, Dolls Action figures and soft toys.

Pace E Commerce Ventures Headlines

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