Baheti Recycling Industries (NSE:BAHETI) Interest Expense : ₹-53 Mil (TTM As of Mar. 2023)

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What is Baheti Recycling Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Baheti Recycling Industries's interest expense for the six months ended in Mar. 2023 was ₹ -53 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-53 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. Baheti Recycling Industries's Operating Income for the six months ended in Mar. 2023 was ₹ 121 Mil. Baheti Recycling Industries's Interest Expense for the six months ended in Mar. 2023 was ₹ -53 Mil. Baheti Recycling Industries's Interest Coverage for the quarter that ended in Mar. 2023 was 2.27. 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.

Baheti Recycling Industries Interest Expense Historical Data

The historical data trend for Baheti Recycling 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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Baheti Recycling Industries Interest Expense Chart

Baheti Recycling Industries Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Interest Expense

-27.35

-29.75

-33.75

-53.46

Baheti Recycling Industries Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Interest Expense	-27.35	-29.75	-33.75	-53.46

Baheti Recycling Industries Interest Expense Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-53 Mil.

Baheti Recycling Industries (NSE:BAHETI) 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.

Baheti Recycling Industries's Interest Expense for the six months ended in Mar. 2023 was ₹-53 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹121 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹111 Mil.

Baheti Recycling Industries's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	121.148	/	-53.459
	=	2.27

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

Baheti Recycling Industries (NSE:BAHETI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Baheti Recycling Industries Ltd (NSE:BAHETI) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

A-2/3, L.R. Apartments, Opposite Police Commissioner Office, Shahibaug, Ahmedabad, GJ, IND, 380 004

Website

https://www.bahetiindustries.com

Baheti Recycling Industries Ltd is an aluminium recycling company, primarily engaged in processing aluminium based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys in the form of cubes, ingots, shots and notch bar. The company is also engaged in trading of scrap materials such as aluminium scrap, brass scrap, copper scrap, zinc scrap etc. Its products are being used in various industries, which include automobiles, construction, electrical transmission application, food packaging etc.

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