Lokesh Machines (NSE:LOKESHMACH) Interest Expense : ₹-119 Mil (TTM As of Sep. 2024)

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What is Lokesh Machines Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Lokesh Machines's interest expense for the three months ended in Sep. 2024 was ₹ -38 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-119 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. Lokesh Machines's Operating Income for the three months ended in Sep. 2024 was ₹ 88 Mil. Lokesh Machines's Interest Expense for the three months ended in Sep. 2024 was ₹ -38 Mil. Lokesh Machines's Interest Coverage for the quarter that ended in Sep. 2024 was 2.32. 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.

Lokesh Machines Interest Expense Historical Data

The historical data trend for Lokesh Machines'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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Lokesh Machines Interest Expense Chart

Lokesh Machines Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-109.88

-114.98

-112.69

-94.54

-100.35

Lokesh Machines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Interest Expense	Get a 7-Day Free Trial															-29.80	-28.99	-15.18	-36.87	-37.86

Lokesh Machines 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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-119 Mil.

Lokesh Machines (NSE:LOKESHMACH) 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.

Lokesh Machines's Interest Expense for the three months ended in Sep. 2024 was ₹-38 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹88 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹477 Mil.

Lokesh Machines's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	87.853	/	-37.861
	=	2.32

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

Lokesh Machines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lokesh Machines Ltd (NSE:LOKESHMACH) » Definitions » Interest Expense

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532740:India

Address

B-29, EEIE, Stage-II, Balanagar, Hyderabad, TG, IND, 500037

Website

https://www.lokeshmachines.com

Lokesh Machines Ltd is engaged in the manufacturing of machine tools and components. The company manufactures machine tools such as CNC Machines, Special purpose machines, Auto Components, Precision Engineering Components, and Sub-Assemblies. It operates through two segments: Machine division and Components division. The Machine division generates maximum revenue for the company.

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