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Organic Recycling Systems (BOM:543997) Interest Expense : ₹-13.0 Mil (TTM As of Mar. 2024)


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What is Organic Recycling Systems Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Organic Recycling Systems's interest expense for the six months ended in Mar. 2024 was ₹ -2.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-13.0 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. Organic Recycling Systems's Operating Income for the six months ended in Mar. 2024 was ₹ 46.7 Mil. Organic Recycling Systems's Interest Expense for the six months ended in Mar. 2024 was ₹ -2.9 Mil. Organic Recycling Systems's Interest Coverage for the quarter that ended in Mar. 2024 was 15.87. 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.

Organic Recycling Systems Interest Expense Historical Data

The historical data trend for Organic Recycling Systems'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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Organic Recycling Systems Interest Expense Chart

Organic Recycling Systems Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
-28.57 -14.34 -16.16 -18.80 -13.00

Organic Recycling Systems Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Sep23 Mar24
Interest Expense Get a 7-Day Free Trial - - - -10.06 -2.94

Organic Recycling Systems 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 ₹-13.0 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.

Organic Recycling Systems  (BOM:543997) 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.

Organic Recycling Systems's Interest Expense for the six months ended in Mar. 2024 was ₹-2.9 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹46.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹312.1 Mil.

Organic Recycling Systems'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*46.709/-2.943
=15.87

* 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.

Organic Recycling Systems (BOM:543997) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Organic Recycling Systems Ltd (BOM:543997) » Definitions » Interest Expense
Comparable Companies
BOM:543805 NSE:URBAN BOM:514402 NSE:FELIX BOM:526931 BOM:533427 BOM:532001 NSE:NRL BOM:537785 BOM:530643 WM RSG WCN XPAR:VIE GFL CLH XMAD:FCC CWST SHSE:603568 SZSE:002340
Traded in Other Exchanges
N/A
Address
Plot No. 9, Sector-17, Office No. 1003, 10th Floor, The Affaires, Sanpada, Navi Mumbai, MH, IND, 400705
Website
https://www.organicrecycling.co.in
Organic Recycling Systems Ltd is an engineering company focused on environmental solutions and provides waste management solutions across waste types and across the value chain. The company has been a forerunner in providing sustainable waste management solutions in India. It primarily focuses on developing robust, cost-effective & environment-friendly technologies that are simple to operate. It has proven technology and capability of successfully running one of India's first Waste to Energy (WTE) plants developed on anaerobic bio methanation technology. It has also set up an MSW processing and disposal plant in Solapur, Maharashtra to convert Municipal Solid Waste (MSW) into electricity and compost.

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