Redtape (BOM:543957) Interest Expense : ₹-447 Mil (TTM As of Dec. 2024)

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What is Redtape Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Redtape's interest expense for the three months ended in Dec. 2024 was ₹ -127 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-447 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. Redtape's Operating Income for the three months ended in Dec. 2024 was ₹ 1,067 Mil. Redtape's Interest Expense for the three months ended in Dec. 2024 was ₹ -127 Mil. Redtape's Interest Coverage for the quarter that ended in Dec. 2024 was 8.39. 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.

Redtape Interest Expense Historical Data

The historical data trend for Redtape'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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Redtape Interest Expense Chart

Redtape Annual Data

Trend

Mar22

Mar23

Mar24

Interest Expense

-39.90

-144.60

-325.10

Redtape Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial							-91.30	-99.60	-104.20	-116.00	-127.10

Redtape 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-447 Mil.

Redtape (BOM:543957) 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.

Redtape's Interest Expense for the three months ended in Dec. 2024 was ₹-127 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹1,067 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Redtape's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	1066.7	/	-127.1
	=	8.39

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

Redtape Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Redtape Ltd (BOM:543957) » Definitions » Interest Expense

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Traded in Other Exchanges

REDTAPE:India

Address

Plot No. 8, Sector 90, Gautam Buddha Nagar, Noida, UP, IND, 201301

Website

https://www.redtape.com

Redtape Ltd Is the finest brand of Footwear and Clothing for Men, Women, and Kids. Its clothing and accessories categories with product offerings comprising casual and semi-formal apparel including shirts, t-shirts, trousers, denim, sweaters, jackets, and accessories such as belts, socks, handkerchiefs, and wallets.

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