HI-Green Carbon (NSE:HIGREEN) Interest Expense : ₹ Mil (TTM As of Mar. 2023)

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What is HI-Green Carbon Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HI-Green Carbon's interest expense for the six months ended in Mar. 2023 was ₹ -10.7 Mil. HI-Green Carbon does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2023.

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. HI-Green Carbon's Operating Income for the six months ended in Mar. 2023 was ₹ 168.2 Mil. HI-Green Carbon's Interest Expense for the six months ended in Mar. 2023 was ₹ -10.7 Mil. HI-Green Carbon's Interest Coverage for the quarter that ended in Mar. 2023 was 15.73. 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.

HI-Green Carbon Interest Expense Historical Data

The historical data trend for HI-Green Carbon'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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HI-Green Carbon Interest Expense Chart

HI-Green Carbon Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-4.17

-11.32

-10.69

HI-Green Carbon Semi-Annual Data
	Mar21	Mar22	Mar23
Interest Expense	-4.17	-11.32	-10.69

HI-Green Carbon Interest Expense Calculation

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

HI-Green Carbon (NSE:HIGREEN) 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.

HI-Green Carbon's Interest Expense for the six months ended in Mar. 2023 was ₹-10.7 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹168.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹38.2 Mil.

HI-Green Carbon'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	*	168.154	/	-10.69
	=	15.73

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

HI-Green Carbon (NSE:HIGREEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HI-Green Carbon Ltd (NSE:HIGREEN) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-557, Lodhika Industrial Estate, Metoda G.I.D.C. Gate No. 3, Metoda, Lodhika, Rajkot, GJ, IND, 360021

Website

https://www.higreencarbon.com

HI-Green Carbon Ltd is engaged in the business of waste tyres recycling. Its manufacturing plant operates on a continuous pyrolysis process. It is an uninterrupted working method with a continuous feeding and discharging system controlled by the program logic controller system. The company processes end-of-life tyres (ELTs) pieces to produce energy components and raw materials. Its major products are Recovered Carbon Black (rCB) and Steel Wires under the Raw Material Category and fuel Oil and Synthesis Gas under the Energy components category.

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