HOAC Foods India (NSE:HOACFOODS) Interest Expense : ₹ Mil (TTM As of Mar. 2023)

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What is HOAC Foods India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. HOAC Foods India's interest expense for the six months ended in Mar. 2023 was ₹ -2.3 Mil. HOAC Foods India 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. HOAC Foods India's Operating Income for the six months ended in Mar. 2023 was ₹ 10.0 Mil. HOAC Foods India's Interest Expense for the six months ended in Mar. 2023 was ₹ -2.3 Mil. HOAC Foods India's Interest Coverage for the quarter that ended in Mar. 2023 was 4.33. 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.

HOAC Foods India Interest Expense Historical Data

The historical data trend for HOAC Foods 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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HOAC Foods India Interest Expense Chart

HOAC Foods India Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-1.46

-1.62

-2.31

HOAC Foods India Semi-Annual Data
	Mar21	Mar22	Mar23
Interest Expense	-1.46	-1.62	-2.31

HOAC Foods India Interest Expense Calculation

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

HOAC Foods India (NSE:HOACFOODS) 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.

HOAC Foods India's Interest Expense for the six months ended in Mar. 2023 was ₹-2.3 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹10.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹5.0 Mil.

HOAC Foods India'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	*	9.997	/	-2.308
	=	4.33

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

HOAC Foods India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » HOAC Foods India Ltd (NSE:HOACFOODS) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

D-498, 1st Floor Palam Extension, Sector-7 Dwarka, Raj Nagar - II, South West Delhi, New Delhi, IND, 110077

Website

https://www.hoacfoodsindia.com

HOAC Foods India Ltd is engaged in the manufacturing of flour (chakki atta), herbs & spices, unpolished pulses, grains, and yellow mustard oil. Its product portfolio is comprised of 4 categories which include products such as Spices & Herbs, Oil, Wheat Flour (Chakki Atta) & Healthy Flour, Pulses, Rice & Grain, and other food products with 153 product SKUs. The company sells its product under the brand name "HARIOM," and most of the sales are derived from the Delhi-NCR region. The franchise network comprises 4 company-owned outlets and 6 franchise-owned outlets.

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