Le Merite Exports (NSE:LEMERITE) Interest Expense : ₹-70 Mil (TTM As of Mar. 2024)

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What is Le Merite Exports Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Le Merite Exports's interest expense for the six months ended in Mar. 2024 was ₹ -35 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-70 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. Le Merite Exports's Operating Income for the six months ended in Mar. 2024 was ₹ -23 Mil. Le Merite Exports's Interest Expense for the six months ended in Mar. 2024 was ₹ -35 Mil. Le Merite Exports 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.

Le Merite Exports Interest Expense Historical Data

The historical data trend for Le Merite Exports'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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Le Merite Exports Interest Expense Chart

Le Merite Exports Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-21.57

-16.08

-34.64

-38.77

-69.58

Le Merite Exports Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial				-19.13	-16.42	-22.35	-34.78	-34.79

Le Merite Exports 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 ₹-70 Mil.

Le Merite Exports (NSE:LEMERITE) 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.

Le Merite Exports's Interest Expense for the six months ended in Mar. 2024 was ₹-35 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹-23 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹53 Mil.

Le Merite Exports's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Le Merite Exports did not have earnings to cover the interest expense.

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

Le Merite Exports Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Le Merite Exports Ltd (NSE:LEMERITE) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

1 st Floor, Chandivali Farm Road, B1-104D, Boomerang, Powai, Andheri- East, Mumbai, MH, IND, 400072

Website

https://www.lemeriteexports.com

Le Merite Exports Ltd is engaged in the manufacturing and trading of textile products namely cotton yarn, greige fabric, and finished fabric for domestic and export sales. The reportable segment for the Company is textile business.

Le Merite Exports Headlines

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