HEC Infra Projects (NSE:HECPROJECT) Interest Expense : ₹-7.0 Mil (TTM As of Sep. 2023)

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What is HEC Infra Projects Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HEC Infra Projects's interest expense for the three months ended in Sep. 2023 was ₹ -7.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-7.0 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. HEC Infra Projects's Operating Income for the three months ended in Sep. 2023 was ₹ 12.7 Mil. HEC Infra Projects's Interest Expense for the three months ended in Sep. 2023 was ₹ -7.0 Mil. HEC Infra Projects's Interest Coverage for the quarter that ended in Sep. 2023 was 1.80. 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.

HEC Infra Projects Interest Expense Historical Data

The historical data trend for HEC Infra Projects'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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HEC Infra Projects Interest Expense Chart

HEC Infra Projects Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-12.16

-11.90

-10.20

-32.27

-18.22

HEC Infra Projects Quarterly Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial															5.55	-6.36	-	-7.03	-

HEC Infra Projects 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-7.0 Mil.

HEC Infra Projects (NSE:HECPROJECT) 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.

HEC Infra Projects's Interest Expense for the three months ended in Sep. 2023 was ₹-7.0 Mil. Its Operating Income for the three months ended in Sep. 2023 was ₹12.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was ₹246.4 Mil.

HEC Infra Projects's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	12.658	/	-7.025
	=	1.80

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

HEC Infra Projects (NSE:HECPROJECT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » HEC Infra Projects Ltd (NSE:HECPROJECT) » Definitions » Interest Expense

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Address

Plot Cross Road, Sindhu Bhavan Road, Sigma-1 Corporates, Corporate House No. 6, Near Maan Party, Bodakdev, Ahmedabad, GJ, IND, 380054

Website

https://www.hecprojects.in

HEC Infra Projects Ltd is an Engineering, Procurement and Construction Company (EPC) Contractor in the Electro-Mechanical and Instrumentation Projects. The company services include switchyards; overhead transmission; substations, underground cable lying; Industrial and commercial electrification, battery energy storage system and mini / micro grid Solar projects water pumping stations; solar park; rooftop solar; indoor and outdoor lighting; security; fire alarm systems and others. It serves Steel, Chemical, Cement, Refineries, Petrochemicals, Gas and Oil Sector, Textile, Pharmaceuticals, Power-generation plants, Ports, Banks, Malls, Call Centers, Software Park; and other industries. It is engaged in the EPC Electro-Mechanical Project Business which is their only segment.

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