Laxmi Cotspin (NSE:LAXMICOT) Interest Expense : ₹-42 Mil (TTM As of Jun. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Laxmi Cotspin Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Laxmi Cotspin's interest expense for the three months ended in Jun. 2024 was ₹ -10 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-42 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. Laxmi Cotspin's Operating Income for the three months ended in Jun. 2024 was ₹ -27 Mil. Laxmi Cotspin's Interest Expense for the three months ended in Jun. 2024 was ₹ -10 Mil. Laxmi Cotspin did not have earnings to cover the interest expense. 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.

Laxmi Cotspin Interest Expense Historical Data

The historical data trend for Laxmi Cotspin'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.

* Premium members only.

Laxmi Cotspin Interest Expense Chart

Laxmi Cotspin Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

Get a 7-Day Free Trial

-43.99

-39.09

-30.40

-28.81

-39.75

Laxmi Cotspin Quarterly Data
	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial															-8.49	-9.18	-6.10	-15.98	-10.44

Laxmi Cotspin 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-42 Mil.

Laxmi Cotspin (NSE:LAXMICOT) 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.

Laxmi Cotspin's Interest Expense for the three months ended in Jun. 2024 was ₹-10 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹-27 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0 Mil.

Laxmi Cotspin's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Laxmi Cotspin did not have earnings to cover the interest expense.

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

Laxmi Cotspin Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Laxmi Cotspin Ltd (NSE:LAXMICOT) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Gut No. 399, Samangaon-Kajla Road, In Front Of Meenatai Thakare Vridhashram, Samangaon, Jalna, MH, IND, 431203

Website

https://www.laxmicotspin.com

Laxmi Cotspin Ltd is engaged in the manufacturing of cotton yarn, cotton bales, cotton seeds, cotton oil, and oil cakes. It operates the business of cotton processing in the textile industry. The company offers services such as Ginning and Pressing, Spinning, and Open-end among others. Geographically, it generates all of its revenue from India.

Laxmi Cotspin Headlines

No Headlines