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Storage Technologies and Automation (BOM:544171) Interest Expense : ₹-12.3 Mil (TTM As of Sep. 2024)


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What is Storage Technologies and Automation Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Storage Technologies and Automation's interest expense for the six months ended in Sep. 2024 was ₹ -12.3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-12.3 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. Storage Technologies and Automation's Operating Income for the six months ended in Sep. 2024 was ₹ 35.3 Mil. Storage Technologies and Automation's Interest Expense for the six months ended in Sep. 2024 was ₹ -12.3 Mil. Storage Technologies and Automation's Interest Coverage for the quarter that ended in Sep. 2024 was 2.86. 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.

Storage Technologies and Automation Interest Expense Historical Data

The historical data trend for Storage Technologies and Automation'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.

Storage Technologies and Automation Interest Expense Chart

Storage Technologies and Automation Annual Data
Trend Mar21 Mar22 Mar23
Interest Expense
-1.88 -5.84 -14.56

Storage Technologies and Automation Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Sep24
Interest Expense - - - -9.25 -12.33

Storage Technologies and Automation 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-12.3 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.

Storage Technologies and Automation  (BOM:544171) 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.

Storage Technologies and Automation's Interest Expense for the six months ended in Sep. 2024 was ₹-12.3 Mil. Its Operating Income for the six months ended in Sep. 2024 was ₹35.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ₹24.7 Mil.

Storage Technologies and Automation'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*35.275/-12.326
=2.86

* 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.

Storage Technologies and Automation Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Storage Technologies and Automation Ltd (BOM:544171) » Definitions » Interest Expense
Comparable Companies
BOM:519331 NSE:K2INFRA NSE:KONSTELEC NSE:MITCON BOM:535693 NSE:HECPROJECT BOM:540786 NSE:SKIL BOM:531540 BOM:526614 XPAR:DG NSE:LT PWR SHSE:601668 TSX:WSP SHSE:601390 HKSE:01800 EME XPAR:EN J
Traded in Other Exchanges
N/A
Address
No 10, Survey No 21/6A, 21/7A, 21/7B and 21/8 Singanayakanahalli, Yelahanka, Bangalore, KA, IND, 560064
Website
https://www.racksandrollers.com
Storage Technologies and Automation Ltd is engaged in the storage racking system. The company specializes in the design, manufacturing, and installation services of metal storage racks, automated warehouses, and other storage solutions, storage and logistical requirements, which include oil & gas, automotive components & aerospace, food & beverages and cold storage, pharmaceutical, textile, retail, FMCG and others.

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