Magson Retail and Distribution (NSE:MAGSON) Interest Expense : ₹-5.2 Mil (TTM As of Sep. 2023)

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What is Magson Retail and Distribution Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Magson Retail and Distribution's interest expense for the six months ended in Sep. 2023 was ₹ -3.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-5.2 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. Magson Retail and Distribution's Operating Income for the six months ended in Sep. 2023 was ₹ 10.8 Mil. Magson Retail and Distribution's Interest Expense for the six months ended in Sep. 2023 was ₹ -3.8 Mil. Magson Retail and Distribution's Interest Coverage for the quarter that ended in Sep. 2023 was 2.83. 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.

Magson Retail and Distribution Interest Expense Historical Data

The historical data trend for Magson Retail and Distribution'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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Magson Retail and Distribution Interest Expense Chart

Magson Retail and Distribution Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-3.80

-5.02

-4.40

Magson Retail and Distribution Semi-Annual Data
	Mar21	Mar22	Sep22	Mar23	Sep23
Interest Expense	-	-	-3.01	-1.40	-3.83

Magson Retail and Distribution 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-5.2 Mil.

Magson Retail and Distribution (NSE:MAGSON) 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.

Magson Retail and Distribution's Interest Expense for the six months ended in Sep. 2023 was ₹-3.8 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹10.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹3.3 Mil.

Magson Retail and Distribution's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	10.842	/	-3.828
	=	2.83

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

Magson Retail and Distribution (NSE:MAGSON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Magson Retail and Distribution Ltd (NSE:MAGSON) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Near Judges Bungalows Cross Roads, 204-B, Primate Complex, Opposite Mother Milk Palace, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.magson.in

Magson Retail and Distribution Ltd is engaged in the retail and Distribution business of gourmet, frozen food, and specialty foods. The company operates retail stores through and own stores, jointly owned stores, and a franchise model under its brand name 'MagSon'. In addition, the company has a separate chocolate store that is operated under the brand name 'My Chocolate World'.

Magson Retail and Distribution (NSE:MAGSON) Headlines

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