Laxmi Organic Industries (NSE:LXCHEM) Interest Expense : ₹-120 Mil (TTM As of Dec. 2024)

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What is Laxmi Organic Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Laxmi Organic Industries's interest expense for the three months ended in Dec. 2024 was ₹ -22 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-120 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 Organic Industries's Operating Income for the three months ended in Dec. 2024 was ₹ 436 Mil. Laxmi Organic Industries's Interest Expense for the three months ended in Dec. 2024 was ₹ -22 Mil. Laxmi Organic Industries's Interest Coverage for the quarter that ended in Dec. 2024 was 20.19. 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 Organic Industries Interest Expense Historical Data

The historical data trend for Laxmi Organic Industries'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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Laxmi Organic Industries Interest Expense Chart

Laxmi Organic Industries Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-125.20

-149.45

-128.90

-110.25

-60.75

Laxmi Organic Industries Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-5.20	11.05	-33.18	-76.37	-21.58

Laxmi Organic Industries 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 Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-120 Mil.

Laxmi Organic Industries (NSE:LXCHEM) 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 Organic Industries's Interest Expense for the three months ended in Dec. 2024 was ₹-22 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹436 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Laxmi Organic Industries's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	435.78	/	-21.58
	=	20.19

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

Laxmi Organic Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Laxmi Organic Industries Ltd (NSE:LXCHEM) » Definitions » Interest Expense

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543277:India

Address

Chandermukhi Building, 2nd and 3rd Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.laxmi.com

Laxmi Organic Industries Ltd is a specialty chemical manufacturer. Its operating divisions are chemical business and power generation. The company is predominantly engaged in specialty chemical manufacturing focused on two key segments: Acetyl Intermediates and Speciality Intermediates derivative products. Geographically, the company generates a majority of its revenue from India.

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