Veedol (BOM:590005) Interest Expense : ₹-30 Mil (TTM As of Sep. 2024)

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What is Veedol Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Veedol's interest expense for the three months ended in Sep. 2024 was ₹ -12 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-30 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. Veedol's Operating Income for the three months ended in Sep. 2024 was ₹ 379 Mil. Veedol's Interest Expense for the three months ended in Sep. 2024 was ₹ -12 Mil. Veedol's Interest Coverage for the quarter that ended in Sep. 2024 was 32.08. 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.

Veedol Interest Expense Historical Data

The historical data trend for Veedol'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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Veedol Interest Expense Chart

Veedol Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-23.60

-20.90

-16.00

-14.90

-17.90

Veedol Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-3.40	-8.50	-2.80	-6.80	-11.80

Veedol 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 ₹-30 Mil.

Veedol (BOM:590005) 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.

Veedol's Interest Expense for the three months ended in Sep. 2024 was ₹-12 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹379 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹193 Mil.

Veedol'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	*	378.5	/	-11.8
	=	32.08

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Veedol Corp Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Veedol Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Veedol Corp Ltd (BOM:590005) » Definitions » Interest Expense

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VEEDOL:India

Address

8, Dr. Rajendra Prasad Sarani, Yule House, Kolkata, WB, IND, 700001

Website

https://www.veedolindia.com

Veedol Corp Ltd is a manufacturer and marketer of quality lubricants in over 70 countries around the globe. The Veedol range of products includes high-performance engine oils for passenger cars, two/three-wheelers, heavy commercial vehicles, off-highway vehicles, buses and tractors. It also has gear oils, transmission oils, coolants, brake oil and greases for all automotive applications as well as a wide range of industrial and speciality lubricants catering to diverse industry applications. The entire product range offers appropriate choices for various applications and performance levels keeping pace with the latest technical requirements of OEMs.

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