Huhtamaki India (NSE:HUHTAMAKI) Interest Expense : ₹-283 Mil (TTM As of Mar. 2024)

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What is Huhtamaki India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Huhtamaki India's interest expense for the three months ended in Mar. 2024 was ₹ -48 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-283 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. Huhtamaki India's Operating Income for the three months ended in Mar. 2024 was ₹ 315 Mil. Huhtamaki India's Interest Expense for the three months ended in Mar. 2024 was ₹ -48 Mil. Huhtamaki India's Interest Coverage for the quarter that ended in Mar. 2024 was 6.61. 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.

Huhtamaki India Interest Expense Historical Data

The historical data trend for Huhtamaki 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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Huhtamaki India Interest Expense Chart

Huhtamaki India Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-211.30

-261.20

-268.30

-319.00

-303.00

Huhtamaki India Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-68.10	-99.50	-75.20	-60.20	-47.70

Huhtamaki India 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 quarterly data reported by the company within the most recent 12 months, which was ₹-283 Mil.

Huhtamaki India (NSE:HUHTAMAKI) 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.

Huhtamaki India's Interest Expense for the three months ended in Mar. 2024 was ₹-48 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹315 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

Huhtamaki India'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	*	315.3	/	-47.7
	=	6.61

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

Huhtamaki India (NSE:HUHTAMAKI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huhtamaki India Ltd (NSE:HUHTAMAKI) » Definitions » Interest Expense

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509820:India

Address

L.B.S. Marg, Majiwade, Thane (West), Thane, MH, IND, 400 601

Website

https://www.huhtamaki.com

Huhtamaki India Ltd is engaged in manufacture and sale of packaging material. It offers a hoard of packaging solutions that comprise flexible packaging, including various pouching solutions, labelling technologies, and shrink sleeve solutions. The company operates through consumer packaging segment and focuses on manufacturing finished goods, such as laminates and coated/uncoated paper and films, cartons, shrink sleeves and automotive and industrial products. Its products are used in various flexible packaging applications, which include food and beverages, personal, oral and healthcare, tube laminate, pharma and medical, and other industries which are mainly domestic.

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