Hvax Technologies (NSE:HVAX) Interest Expense : ₹-13 Mil (TTM As of Mar. 2024)

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What is Hvax Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Hvax Technologies's interest expense for the six months ended in Mar. 2024 was ₹ -13 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-13 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. Hvax Technologies's Operating Income for the six months ended in Mar. 2024 was ₹ 128 Mil. Hvax Technologies's Interest Expense for the six months ended in Mar. 2024 was ₹ -13 Mil. Hvax Technologies's Interest Coverage for the quarter that ended in Mar. 2024 was 10.20. 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.

Hvax Technologies Interest Expense Historical Data

The historical data trend for Hvax Technologies'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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Hvax Technologies Interest Expense Chart

Hvax Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Expense

-4.85

-3.71

-5.87

-12.50

Hvax Technologies Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Interest Expense	-4.85	-3.71	-5.87	-12.50

Hvax Technologies Interest Expense Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-13 Mil.

Hvax Technologies (NSE:HVAX) 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.

Hvax Technologies's Interest Expense for the six months ended in Mar. 2024 was ₹-13 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹128 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹25 Mil.

Hvax Technologies'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	*	127.545	/	-12.502
	=	10.20

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

Hvax Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hvax Technologies Ltd (NSE:HVAX) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

I-Think Techno Campus, 601, 6th Floor, Lodha Supremus, Kanjurmarg (East), Mumbai, MH, IND, 400042

Website

https://www.hvax.in

Hvax Technologies Ltd is engaged in the business of turnkey projects on engineering, procurement, and execution of controlled environment infrastructure and cleanrooms; design, engineering, and consultancy services for pharma and healthcare companies. As a part of turnkey projects, the company supplies the following third-party manufactured products: Cleanroom wall panels, Cleanroom ceiling panels, Covings, riser panels, cleanroom doors, flooring systems, pass boxes, air showers, LT/HT electrical panels, pre-fabricated galvanized iron (GI) ducts, air handling units, chillers, Building Management Systems (BMS) Equipment, and Utility generation and distribution equipment.

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