Kritika Wires (NSE:KRITIKA) Interest Expense : ₹-38 Mil (TTM As of Mar. 2024)

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What is Kritika Wires Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kritika Wires's interest expense for the six months ended in Mar. 2024 was ₹ -21 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-38 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. Kritika Wires's Operating Income for the six months ended in Mar. 2024 was ₹ 73 Mil. Kritika Wires's Interest Expense for the six months ended in Mar. 2024 was ₹ -21 Mil. Kritika Wires's Interest Coverage for the quarter that ended in Mar. 2024 was 3.53. 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.

Kritika Wires Interest Expense Historical Data

The historical data trend for Kritika Wires'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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Kritika Wires Interest Expense Chart

Kritika Wires Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-31.80

-19.05

-20.49

-29.57

-37.88

Kritika Wires Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial												-9.53	-12.23	-17.34	-17.10	-20.78

Kritika Wires 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 ₹-38 Mil.

Kritika Wires (NSE:KRITIKA) 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.

Kritika Wires's Interest Expense for the six months ended in Mar. 2024 was ₹-21 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹73 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹0 Mil.

Kritika Wires'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	*	73.273	/	-20.783
	=	3.53

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

Kritika Wires (NSE:KRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kritika Wires Ltd (NSE:KRITIKA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot-BG-12, Bus Terminus and Commercial Complex, Unit no. 201, 2nd Floor, AA-I, New Town Pride Hotel Building, Opposite to NOVOTEL, Kolkata, WB, IND, 700156

Website

https://www.kritikawires.com

Kritika Wires Ltd is engaged in the manufacturing of galvanized steel wires and wire products. The company is focused on exporting and supplying Industrial Steel. The company's products are used for the transmission and distribution of electricity, and the manufacturing of concrete slippers, poles, bridges, and other infrastructure facilities. The products of the company include Mild Steel Wire, GI Stay Wire, Spring Steel Wire, Barbed Wire, and others.

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