Destiny Logistics & Infra (NSE:DESTINY) Interest Expense : ₹-2.5 Mil (TTM As of Mar. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Destiny Logistics & Infra Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Destiny Logistics & Infra's interest expense for the six months ended in Mar. 2023 was ₹ -2.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-2.5 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. Destiny Logistics & Infra's Operating Income for the six months ended in Mar. 2023 was ₹ 31.8 Mil. Destiny Logistics & Infra's Interest Expense for the six months ended in Mar. 2023 was ₹ -2.5 Mil. Destiny Logistics & Infra's Interest Coverage for the quarter that ended in Mar. 2023 was 12.64. 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.

Destiny Logistics & Infra Interest Expense Historical Data

The historical data trend for Destiny Logistics & Infra'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.

Destiny Logistics & Infra Interest Expense Chart

Destiny Logistics & Infra Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-1.01

-1.34

-1.04

-2.52

Destiny Logistics & Infra Semi-Annual Data
	Mar19	Mar20	Mar21	Mar22	Mar23
Interest Expense	-1.01	-1.01	-1.34	-1.04	-2.52

Destiny Logistics & Infra 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 ₹-2.5 Mil.

Destiny Logistics & Infra (NSE:DESTINY) 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.

Destiny Logistics & Infra's Interest Expense for the six months ended in Mar. 2023 was ₹-2.5 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹31.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹8.2 Mil.

Destiny Logistics & Infra'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	*	31.796	/	-2.515
	=	12.64

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

Destiny Logistics & Infra Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Destiny Logistics & Infra Ltd (NSE:DESTINY) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

ECO Centre, Block - EM-4 Sector- V, Unit No. 708, 7th Floor, Salt Lake, Kolkata, WB, IND, 700091

Website

https://www.destinyinfra.in

Destiny Logistics & Infra Ltd provide logistics, manpower and infrastructural services. It offers land-based transportation through third-party service providers. It provides a wide range of services such as packaging, loading, transportation, unloading, and unpacking of items to offer end-to-end solutions. The company's operations are concentrated in the domestic market, particularly, in the state of West Bengal. The company operates in Transport and Construction services, out of which the majority is from the Construction services.

Destiny Logistics & Infra Headlines

No Headlines