Innokaiz India (BOM:543905) Interest Expense : ₹-2.0 Mil (TTM As of Sep. 2023)

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What is Innokaiz India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Innokaiz India's interest expense for the six months ended in Sep. 2023 was ₹ -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-2.0 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. Innokaiz India's Operating Income for the six months ended in Sep. 2023 was ₹ 34.7 Mil. Innokaiz India's Interest Expense for the six months ended in Sep. 2023 was ₹ -2.0 Mil. Innokaiz India's Interest Coverage for the quarter that ended in Sep. 2023 was 17.73. 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.

Innokaiz India Interest Expense Historical Data

The historical data trend for Innokaiz India'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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Innokaiz India Interest Expense Chart

Innokaiz India Annual Data

Trend

Mar20

Mar21

Mar22

Interest Expense

-0.11

-1.49

-1.52

Innokaiz India Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Sep23
Interest Expense	-	-	-	-0.64	-1.96

Innokaiz India 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-2.0 Mil.

Innokaiz India (BOM:543905) 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.

Innokaiz India's Interest Expense for the six months ended in Sep. 2023 was ₹-2.0 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹34.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹134.3 Mil.

Innokaiz India's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	34.707	/	-1.957
	=	17.73

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

Innokaiz India (BOM:543905) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Innokaiz India Ltd (BOM:543905) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

Josier Street, Flat No. 1, 4th Floor, Door No. 43, Old No. 22, Real Enclave, Nungambakkam, Chennai, TN, IND, 600034

Website

https://www.innokaizindia.com

Innokaiz India Ltd is a corporate services and solutions provider Company. The company offers a comprehensive range of services covering Advertising and Marketing Solutions including Digital Marketing, Corporate Travel Arrangements, Gifting Solutions, Event Management, etc. Geographically It operates only in India. It has also ventured into new business verticals i.e., E-Commerce Business.

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