Hindprakash Industries�Ltd (NSE:HPIL) Interest Expense : ₹-26.0 Mil (TTM As of Mar. 2024)

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What is Hindprakash Industries�Ltd Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hindprakash Industries�Ltd's interest expense for the six months ended in Mar. 2024 was ₹ -13.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-26.0 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. Hindprakash Industries�Ltd's Operating Income for the six months ended in Mar. 2024 was ₹ 19.3 Mil. Hindprakash Industries�Ltd's Interest Expense for the six months ended in Mar. 2024 was ₹ -13.0 Mil. Hindprakash Industries�Ltd's Interest Coverage for the quarter that ended in Mar. 2024 was 1.49. 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.

Hindprakash Industries�Ltd Interest Expense Historical Data

The historical data trend for Hindprakash Industries�Ltd'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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Hindprakash Industries�Ltd Interest Expense Chart

Hindprakash Industries�Ltd Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-11.90

-10.01

-8.98

-17.71

-26.01

Hindprakash Industries�Ltd Semi-Annual Data
	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial								-4.61	-6.56	-11.16	-13.01	-13.00

Hindprakash Industries�Ltd 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-26.0 Mil.

Hindprakash Industries�Ltd (NSE:HPIL) 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.

Hindprakash Industries�Ltd's Interest Expense for the six months ended in Mar. 2024 was ₹-13.0 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹19.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹16.1 Mil.

Hindprakash Industries�Ltd'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	*	19.301	/	-12.996
	=	1.49

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

Hindprakash Industries�Ltd (NSE:HPIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hindprakash Industries�Ltd (NSE:HPIL) » Definitions » Interest Expense

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543645:India

Address

301 Hindprakash House Plot No. 10/6, Phase-I, GIDC, Vatva, Ahmedabad, GJ, IND, 382 445

Website

https://www.hindprakash.in

Hindprakash Industries Ltd is an Indian company engaged in manufacturing, dealing, and trading of dyes, intermediates, auxiliary, chemicals, and other merchandise. The company's products include Dyestuff, Dyes intermediates, Textile chemicals and aux, and Water treatments. It earns revenues from the manufacturing of dyes.