Hardwyn India (NSE:HARDWYN) Interest Expense : ₹-12 Mil (TTM As of Mar. 2024)

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What is Hardwyn India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hardwyn India's interest expense for the three months ended in Mar. 2024 was ₹ -3 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-12 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. Hardwyn India's Operating Income for the three months ended in Mar. 2024 was ₹ 50 Mil. Hardwyn India's Interest Expense for the three months ended in Mar. 2024 was ₹ -3 Mil. Hardwyn India's Interest Coverage for the quarter that ended in Mar. 2024 was 16.88. 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.

Hardwyn India Interest Expense Historical Data

The historical data trend for Hardwyn India'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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Hardwyn India Interest Expense Chart

Hardwyn India Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-3.21

-1.65

-4.65

-8.60

-11.72

Hardwyn India Quarterly Data
	Sep17	Jan18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial													-1.80	-1.64	-1.96	-5.14	-2.98

Hardwyn India 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-12 Mil.

Hardwyn India (NSE:HARDWYN) 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.

Hardwyn India's Interest Expense for the three months ended in Mar. 2024 was ₹-3 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹50 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹7 Mil.

Hardwyn India'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	*	50.259	/	-2.977
	=	16.88

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

Hardwyn India (NSE:HARDWYN) Business Description

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541276:India

Address

Mayapuri Industrial Area, B-101, Phase-1, South West Delhi, New Delhi, IND, 110064

Website

https://www.hardwyn.com

Hardwyn India Ltd is engaged in the trading business of aluminium products including manufacturing architectural hardware and glass fittings. It provides a complete solution to residential and commercial structures. Its product range includes Door Hardware, Kitchen Hardware, Glass Hardware, and Furniture Hardware.

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