Gatron Industries (KAR:GATI) Interest Expense : ₨-1,560 Mil (TTM As of Mar. 2024)

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What is Gatron Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gatron Industries's interest expense for the three months ended in Mar. 2024 was ₨ -388 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-1,560 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. Gatron Industries's Operating Income for the three months ended in Mar. 2024 was ₨ 251 Mil. Gatron Industries's Interest Expense for the three months ended in Mar. 2024 was ₨ -388 Mil. Gatron Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 0.65. 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.

Gatron Industries Interest Expense Historical Data

The historical data trend for Gatron Industries'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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Gatron Industries Interest Expense Chart

Gatron Industries Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-15.70

-203.85

-124.19

-302.40

-1,046.36

Gatron Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-290.37	-187.48	-605.32	-379.15	-388.09

Gatron Industries 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₨-1,560 Mil.

Gatron Industries (KAR:GATI) 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.

Gatron Industries's Interest Expense for the three months ended in Mar. 2024 was ₨-388 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨251 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨8,288 Mil.

Gatron Industries'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	*	251.283	/	-388.085
	=	0.65

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

Gatron Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Gatron Industries Ltd (KAR:GATI) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jinnah Road, 1st Floor, Ahmed Complex, Room No. 32, Quetta, PAK

Website

http://www.gatron.com

Gatron Industries Ltd is involved in the manufacturing of Polyester Filament Yarn along with its raw material Yarn Grade Polyester Chips. The company also produces other varieties of Polyester Chips, Bottle Grade as well as PET Preforms. It operates in two segments: Polyester Filament Yarn and Polyester PET Preforms. Substantial revenue is generated from the Polyester Filament Yarn segment.

Gatron Industries Headlines

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