Gayatri Rubbers and Chemicals (NSE:GRCL) Interest Expense : ₹-2.4 Mil (TTM As of Mar. 2024)

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What is Gayatri Rubbers and Chemicals Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Gayatri Rubbers and Chemicals's interest expense for the six months ended in Mar. 2024 was ₹ -2.4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2.4 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. Gayatri Rubbers and Chemicals's Operating Income for the six months ended in Mar. 2024 was ₹ 23.9 Mil. Gayatri Rubbers and Chemicals's Interest Expense for the six months ended in Mar. 2024 was ₹ -2.4 Mil. Gayatri Rubbers and Chemicals's Interest Coverage for the quarter that ended in Mar. 2024 was 9.97. 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.

Gayatri Rubbers and Chemicals Interest Expense Historical Data

The historical data trend for Gayatri Rubbers and Chemicals'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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Gayatri Rubbers and Chemicals Interest Expense Chart

Gayatri Rubbers and Chemicals Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

-0.17

-0.24

-1.44

-1.95

-2.40

Gayatri Rubbers and Chemicals Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Interest Expense	-0.17	-0.24	-1.44	-1.95	-2.40

Gayatri Rubbers and Chemicals 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 ₹-2.4 Mil.

Gayatri Rubbers and Chemicals (NSE:GRCL) 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.

Gayatri Rubbers and Chemicals's Interest Expense for the six months ended in Mar. 2024 was ₹-2.4 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹23.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹4.2 Mil.

Gayatri Rubbers and Chemicals'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	*	23.914	/	-2.398
	=	9.97

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

Gayatri Rubbers and Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Gayatri Rubbers and Chemicals Ltd (NSE:GRCL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Malerna Road, Plot No. 11, Gali No. 3, Opposite Beri ka Bagh, Ballabgarh, Faridabad, HR, IND, 121004

Website

https://www.gayatrirubberchemicals.com

Gayatri Rubbers and Chemicals Ltd is engaged in manufacturing and trading rubber products. The company's product portfolio includes Aluminium rubber profiles, Automobile rubber profiles, Sponge rubber components, Clear PVC profiles, Industrial rubber, and Railway sector rubber. Geographically, the company operates within India.