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Deccan Transcon Leasing (NSE:DECCANTRAN) Interest Expense : ₹-29.4 Mil (TTM As of Mar. 2024)


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What is Deccan Transcon Leasing Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Deccan Transcon Leasing's interest expense for the six months ended in Mar. 2024 was ₹ -29.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-29.4 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. Deccan Transcon Leasing's Operating Income for the six months ended in Mar. 2024 was ₹ 168.6 Mil. Deccan Transcon Leasing's Interest Expense for the six months ended in Mar. 2024 was ₹ -29.4 Mil. Deccan Transcon Leasing's Interest Coverage for the quarter that ended in Mar. 2024 was 5.74. 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.

Deccan Transcon Leasing Interest Expense Historical Data

The historical data trend for Deccan Transcon Leasing'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.

* Premium members only.

Deccan Transcon Leasing Interest Expense Chart

Deccan Transcon Leasing Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Interest Expense
-9.88 -11.31 -16.11 -29.38

Deccan Transcon Leasing Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Interest Expense -9.88 -11.31 -16.11 -29.38

Deccan Transcon Leasing 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. 2024 was ₹-29.4 Mil.

* 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.

Deccan Transcon Leasing  (NSE:DECCANTRAN) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Deccan Transcon Leasing's Interest Expense for the six months ended in Mar. 2024 was ₹-29.4 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹168.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹118.5 Mil.

Deccan Transcon Leasing'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*168.553/-29.377
=5.74

* 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.

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

Deccan Transcon Leasing Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Deccan Transcon Leasing Ltd (NSE:DECCANTRAN) » Definitions » Interest Expense
Comparable Companies
Traded in Other Exchanges
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Address
Image Garden Road, Suite No 507, 5th floor, Image Capital Park, Madhapur, Shaikpet, Hyderabad, TG, IND, 500081
Website
https://www.deccantrans.com
Deccan Transcon Leasing Ltd is engaged in end-to-end solutions for freight & shipping services which include domestic logistic of tank containers, Tank fleet management solution, custom clearance and transportation, Non-Vessel Operating Common Carriers (NVOCC) services. It is mainly engaged in providing tank containers on lease and logistic & supply chain solutions to clients in various sectors and specializes in the transportation of bulk liquids and hazardous chemicals, utilizing tank containers as a mode of transport.

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