Innova Captab (BOM:544067) Interest Expense : ₹-76 Mil (TTM As of Sep. 2024)

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What is Innova Captab Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Innova Captab's interest expense for the three months ended in Sep. 2024 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-76 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. Innova Captab's Operating Income for the three months ended in Sep. 2024 was ₹ 447 Mil. Innova Captab's Interest Expense for the three months ended in Sep. 2024 was ₹ -1 Mil. Innova Captab's Interest Coverage for the quarter that ended in Sep. 2024 was 300.28. 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.

Innova Captab Interest Expense Historical Data

The historical data trend for Innova Captab'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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Innova Captab Interest Expense Chart

Innova Captab Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-62.74

-35.86

-53.02

-189.36

-211.97

Innova Captab Quarterly Data
	Mar19	Mar20	Mar21	Dec21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial								-88.08	-68.04	-5.54	-1.38	-1.49

Innova Captab 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-76 Mil.

Innova Captab (BOM:544067) 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.

Innova Captab's Interest Expense for the three months ended in Sep. 2024 was ₹-1 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹447 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹2,117 Mil.

Innova Captab's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	447.42	/	-1.49
	=	300.28

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

Innova Captab Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Innova Captab Ltd (BOM:544067) » Definitions » Interest Expense

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INNOVACAP:India

Address

SCO No. 301, Sector 9, Second Floor, Panchkula, HR, IND, 134109

Website

https://www.innovacaptab.com

Innova Captab Ltd is an integrated pharmaceutical company in India and is engaged in research and development, manufacturing, drug distribution, and marketing and exports. Company business includes (i) a contract development and manufacturing organization ("CDMO") business providing manufacturing services to Indian pharmaceutical companies, (ii) a domestic branded generics business, and (iii) an international branded generics business.

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