Machhar Industries (BOM:543934) Interest Expense : ₹-2.0 Mil (TTM As of Jun. 2024)

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What is Machhar Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Machhar Industries's interest expense for the three months ended in Jun. 2024 was ₹ -0.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 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. Machhar Industries's Operating Income for the three months ended in Jun. 2024 was ₹ 1.8 Mil. Machhar Industries's Interest Expense for the three months ended in Jun. 2024 was ₹ -0.7 Mil. Machhar Industries's Interest Coverage for the quarter that ended in Jun. 2024 was 2.70. 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.

Machhar Industries Interest Expense Historical Data

The historical data trend for Machhar Industries'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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Machhar Industries Interest Expense Chart

Machhar Industries Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.82

-1.63

-0.72

-2.14

-1.87

Machhar Industries Quarterly Data
	Mar19	Mar20	Mar21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial							-0.52	-0.42	-0.48	-0.45	-0.67

Machhar Industries 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-2.0 Mil.

Machhar Industries (BOM:543934) 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.

Machhar Industries's Interest Expense for the three months ended in Jun. 2024 was ₹-0.7 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹1.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0.0 Mil.

Machhar Industries's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	1.809	/	-0.669
	=	2.70

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

Machhar Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Machhar Industries Ltd (BOM:543934) » Definitions » Interest Expense

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Address

Jalna Road, Mondha Naka, City Pride Building, 1st Floor, FF-107, Above Domino’s, Aurangabad, MH, IND, 431001

Website

https://www.machharind.com

Machhar Industries Ltd operates with three distinct divisions: the explosive division, the transportation division, and Adblue (DEF). The company generates maximum revenue from the Transportation division.

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