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Pyramid Technoplast (BOM:543969) Interest Expense : ₹-23 Mil (TTM As of Mar. 2024)


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What is Pyramid Technoplast Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pyramid Technoplast's interest expense for the six months ended in Mar. 2024 was ₹ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-23 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. Pyramid Technoplast's Operating Income for the six months ended in Mar. 2024 was ₹ 176 Mil. Pyramid Technoplast's Interest Expense for the six months ended in Mar. 2024 was ₹ -7 Mil. Pyramid Technoplast's Interest Coverage for the quarter that ended in Mar. 2024 was 24.33. 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.

Pyramid Technoplast Interest Expense Historical Data

The historical data trend for Pyramid Technoplast'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.

* Premium members only.

Pyramid Technoplast Interest Expense Chart

Pyramid Technoplast Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
-60.21 -43.60 -42.41 -40.53 -23.38

Pyramid Technoplast Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24
Interest Expense Get a 7-Day Free Trial - -20.01 -13.14 -16.14 -7.24

Pyramid Technoplast 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 Mar. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-23 Mil.

* 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.

Pyramid Technoplast  (BOM:543969) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Pyramid Technoplast's Interest Expense for the six months ended in Mar. 2024 was ₹-7 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹176 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹15 Mil.

Pyramid Technoplast's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Mar. 2024 )/Interest Expense (Q: Mar. 2024 )
=-1*176.085/-7.238
=24.33

* 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.

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

Pyramid Technoplast (BOM:543969) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pyramid Technoplast Ltd (BOM:543969) » Definitions » Interest Expense
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Traded in Other Exchanges
PYRAMID:India
Address
Rani Sati Marg, Office No. 2, Second Floor, Shah Trade Center, Near W.E. Highway, Malad East, Mumbai, MH, IND, 400 067
Website
https://www.pyramidtechnoplast.com
Pyramid Technoplast Ltd is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements. It is one of the leading manufacturers of rigid Intermediate Bulk Containers (IBC) in India manufacturing 1,000-litre capacity IBC. IBCs are industrial-grade containers engineered for the mass handling, transport, and storage of liquids, semi-solids, pastes, or solids. The company uses blow molding technology to manufacture Polymer Drums and IBCs.

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