Hi-Tech Pipes (NSE:HITECH) Interest Expense : ₹-445 Mil (TTM As of Jun. 2024)

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What is Hi-Tech Pipes Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hi-Tech Pipes's interest expense for the three months ended in Jun. 2024 was ₹ -141 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-445 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. Hi-Tech Pipes's Operating Income for the three months ended in Jun. 2024 was ₹ 376 Mil. Hi-Tech Pipes's Interest Expense for the three months ended in Jun. 2024 was ₹ -141 Mil. Hi-Tech Pipes's Interest Coverage for the quarter that ended in Jun. 2024 was 2.67. 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-Tech Pipes Interest Expense Historical Data

The historical data trend for Hi-Tech Pipes'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-Tech Pipes Interest Expense Chart

Hi-Tech Pipes Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-273.01

-282.51

-327.49

-313.48

-383.98

Hi-Tech Pipes Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-79.47	-103.92	-92.68	-107.92	-140.82

Hi-Tech Pipes 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-445 Mil.

Hi-Tech Pipes (NSE:HITECH) 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-Tech Pipes's Interest Expense for the three months ended in Jun. 2024 was ₹-141 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹376 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0 Mil.

Hi-Tech Pipes's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	375.541	/	-140.816
	=	2.67

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

Hi-Tech Pipes Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hi-Tech Pipes Ltd (NSE:HITECH) » Definitions » Interest Expense

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543411:India

Address

505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034

Website

https://www.hitechpipes.in

Hi-Tech Pipes Ltd is engaged in the manufacturing and marketing of a wide range of steel tubes. Its products are used in different industries like Infrastructure including telecom, defense, power distribution, railways, airports, Construction, Agriculture, and others. The company's product includes Black Steel Tubes; Rectangular and Hollow sections; Galvanised Steel Tubes; Metal Beam Highway Crash Barrier; Cold Rolling Coils and Cold Formed Sections.

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