Forge Auto International (NSE:FORGEAUTO) Interest Expense : ₹ Mil (TTM As of Mar. 2024)

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What is Forge Auto International Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Forge Auto International's interest expense for the six months ended in Mar. 2024 was ₹ -36 Mil. Forge Auto International does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2024.

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. Forge Auto International's Operating Income for the six months ended in Mar. 2024 was ₹ 124 Mil. Forge Auto International's Interest Expense for the six months ended in Mar. 2024 was ₹ -36 Mil. Forge Auto International's Interest Coverage for the quarter that ended in Mar. 2024 was 3.43. 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.

Forge Auto International Interest Expense Historical Data

The historical data trend for Forge Auto International'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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Forge Auto International Interest Expense Chart

Forge Auto International Annual Data

Trend

Mar22

Mar23

Mar24

Interest Expense

-27.63

-32.85

-36.25

Forge Auto International Semi-Annual Data
	Mar22	Mar23	Mar24
Interest Expense	-27.63	-32.85	-36.25

Forge Auto International Interest Expense Calculation

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

Forge Auto International (NSE:FORGEAUTO) 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.

Forge Auto International's Interest Expense for the six months ended in Mar. 2024 was ₹-36 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹124 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹180 Mil.

Forge Auto International'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	*	124.172	/	-36.254
	=	3.43

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

Forge Auto International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Forge Auto International Ltd (NSE:FORGEAUTO) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Machhiwara Road, Village Mangarh, Kohara, Ludhiana, PB, IND, 141001

Website

https://www.failtd.com

Forge Auto International Ltd is an engineering company engaged in forging and manufacturing of complex and safety-critical, forged and precision machined components such as big rings, small rings, big ball studs, gear blank with a broach, stub axle assembly, flange yoke 325 HS, catering to different industry sectors like auto industry including automobiles, tractors, railways etc. and non-auto sectors like agriculture parts, hydraulic parts, striking tools etc. It serves its customers comprising of domestic and global original equipment manufacturers (OEMs) engaged in manufacturing for both the automotive sector and other nonautomotive sector, used across industries by a diversified base of customers.

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