Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Interest Expense : ₹-1.4 Mil (TTM As of Mar. 2023)

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What is Emkay Taps and Cutting Tools Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Emkay Taps and Cutting Tools's interest expense for the six months ended in Mar. 2023 was ₹ -1.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-1.4 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. Emkay Taps and Cutting Tools's Operating Income for the six months ended in Mar. 2023 was ₹ 184.1 Mil. Emkay Taps and Cutting Tools's Interest Expense for the six months ended in Mar. 2023 was ₹ -1.0 Mil. Emkay Taps and Cutting Tools's Interest Coverage for the quarter that ended in Mar. 2023 was 193.37. 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.

Emkay Taps and Cutting Tools Interest Expense Historical Data

The historical data trend for Emkay Taps and Cutting Tools'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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Emkay Taps and Cutting Tools Interest Expense Chart

Emkay Taps and Cutting Tools Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-2.53

-0.69

-0.62

-1.24

-1.45

Emkay Taps and Cutting Tools Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Interest Expense	Get a 7-Day Free Trial												-0.35	-0.43	-0.82	-0.50	-0.95

Emkay Taps and Cutting Tools 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-1.4 Mil.

Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) 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.

Emkay Taps and Cutting Tools's Interest Expense for the six months ended in Mar. 2023 was ₹-1.0 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹184.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹1.3 Mil.

Emkay Taps and Cutting Tools'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	*	184.088	/	-0.952
	=	193.37

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

Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Emkay Taps and Cutting Tools Ltd (NSE:EMKAYTOOLS) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. B-27 and B-27/1, MIDC Hingna, Industrial Estate, Nagpur, MH, IND, 440016

Website

https://www.etctl.com

Emkay Taps and Cutting Tools Ltd is engaged in the manufacturing and sale of taps and cutting tools. The company's operating segment includes the Manufacturing of Taps and Cutting Tools, the Production of Power through Windmills, and others. It generates maximum revenue from the Tools segment.

Emkay Taps and Cutting Tools (NSE:EMKAYTOOLS) Headlines

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