Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Interest Expense : BDT-320 Mil (TTM As of Dec. 2023)

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What is Bangladesh Steel Re-Rolling Mills Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Bangladesh Steel Re-Rolling Mills's interest expense for the three months ended in Dec. 2023 was BDT -579 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was BDT-320 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. Bangladesh Steel Re-Rolling Mills's Operating Income for the three months ended in Dec. 2023 was BDT 2,262 Mil. Bangladesh Steel Re-Rolling Mills's Interest Expense for the three months ended in Dec. 2023 was BDT -579 Mil. Bangladesh Steel Re-Rolling Mills's Interest Coverage for the quarter that ended in Dec. 2023 was 3.91. 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.

Bangladesh Steel Re-Rolling Mills Interest Expense Historical Data

The historical data trend for Bangladesh Steel Re-Rolling Mills'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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Bangladesh Steel Re-Rolling Mills Interest Expense Chart

Bangladesh Steel Re-Rolling Mills Annual Data

Trend

Dec14

Dec15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-3,586.20

-2,599.65

-922.04

-304.03

-1,195.45

Bangladesh Steel Re-Rolling Mills Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-326.49	-1,753.15	2,815.70	-804.02	-578.94

Bangladesh Steel Re-Rolling Mills 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was BDT-320 Mil.

Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) 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.

Bangladesh Steel Re-Rolling Mills's Interest Expense for the three months ended in Dec. 2023 was BDT-579 Mil. Its Operating Income for the three months ended in Dec. 2023 was BDT2,262 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was BDT82 Mil.

Bangladesh Steel Re-Rolling Mills's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	2261.565	/	-578.94
	=	3.91

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

Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bangladesh Steel Re-Rolling Mills Ltd (DHA:BSRMLTD) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

1207/1099 Sadarghat Road, Ali Mansion, Chattogram, BGD, 4000

Website

https://www.bsrm.com

Bangladesh Steel Re-Rolling Mills Ltd is a Bangladesh-based steel manufacturing company. The company also deals in the sale of M.S. products like angle, channel, I Beam, H Beam, MS plate, and others. Its steel products are used inside Buildings, Bridges, and National Infrastructures. The company's products consists of XTREME 500W, XTREME 500W-STIRRUP, XTREME 500W-BEND CUT, MS SQUARE BAR, M.S ANGEL-MANUFACTURED, RIBBED WIRE ROD. The company generates the majority of its revenue from XTREME 500W sales.

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