Hoechst Pakistan (KAR:HPL) Interest Expense : ₨-2 Mil (TTM As of Mar. 2024)

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What is Hoechst Pakistan Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hoechst Pakistan's interest expense for the three months ended in Mar. 2024 was ₨ -33 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₨-2 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. Hoechst Pakistan's Operating Income for the three months ended in Mar. 2024 was ₨ 632 Mil. Hoechst Pakistan's Interest Expense for the three months ended in Mar. 2024 was ₨ -33 Mil. Hoechst Pakistan's Interest Coverage for the quarter that ended in Mar. 2024 was 19.08. 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.

Hoechst Pakistan Interest Expense Historical Data

The historical data trend for Hoechst Pakistan'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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Hoechst Pakistan Interest Expense Chart

Hoechst Pakistan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-58.42

-36.59

-7.79

-23.24

-76.84

Hoechst Pakistan 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															-107.65	-22.54	-23.35	76.70	-33.11

Hoechst Pakistan 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 ₨-2 Mil.

Hoechst Pakistan (KAR:HPL) 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.

Hoechst Pakistan's Interest Expense for the three months ended in Mar. 2024 was ₨-33 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₨632 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₨0 Mil.

Hoechst Pakistan'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	*	631.959	/	-33.114
	=	19.08

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. Hoechst Pakistan Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Hoechst Pakistan (KAR:HPL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hoechst Pakistan Ltd (KAR:HPL) » Definitions » Interest Expense

Comparable Companies

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Address

Korangi Industrial Area, Plot 23, Sector 22, Karachi, PAK, 74900

Website

https://www.sanofi.com.pk

Hoechst Pakistan Ltd Formerly Sanofi-Aventis Pakistan Ltd is engaged in the manufacturing and selling of pharmaceutical and consumer healthcare products and vaccines. Its product profile includes Oral Anti-Diabetics, Emergency Care, Antibiotics, Anti-malaria, Epilepsy, Sleep Disorders, and others. Geographically, the company operates in Pakistan, Afghanistan, and others.

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