Shiv Texchem (BOM:544272) Interest Expense : ₹ Mil (TTM As of Mar. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Shiv Texchem Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shiv Texchem's interest expense for the six months ended in Mar. 2024 was ₹ -189 Mil. Shiv Texchem does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2024.

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. Shiv Texchem's Operating Income for the six months ended in Mar. 2024 was ₹ 579 Mil. Shiv Texchem's Interest Expense for the six months ended in Mar. 2024 was ₹ -189 Mil. Shiv Texchem's Interest Coverage for the quarter that ended in Mar. 2024 was 3.07. 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.

Shiv Texchem Interest Expense Historical Data

The historical data trend for Shiv Texchem'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.

Shiv Texchem Interest Expense Chart

Shiv Texchem Annual Data

Trend

Mar22

Mar23

Mar24

Interest Expense

-39.69

-153.54

-188.80

Shiv Texchem Semi-Annual Data
	Mar22	Mar23	Mar24
Interest Expense	-39.69	-153.54	-188.80

Shiv Texchem Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Shiv Texchem (BOM:544272) 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.

Shiv Texchem's Interest Expense for the six months ended in Mar. 2024 was ₹-189 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹579 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹668 Mil.

Shiv Texchem'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	*	579.416	/	-188.797
	=	3.07

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

Shiv Texchem Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shiv Texchem Ltd (BOM:544272) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Hasmukh Nagar, 602, 6th Floor, Savoy Chamber, Santacruz West, Mumbai, MH, IND, 400 054

Website

https://shivtexchem.com

Shiv Texchem Ltd is engaged in importing and distributing hydrocarbon-based chemicals of the product family viz. Acetyls, Alcohol, Aromatics, Nitriles, Monomers, Glycols Phenolic, Ketones, and Isocyanates, which are critical raw materials and inputs and have applications across a wide spectrum of industries like paints and coatings, printing inks, agro-chemical products, specialty polymers, pharmaceuticals products, and specialty industrial chemicals.

Shiv Texchem Headlines

No Headlines