Mangalore Chemicals & Fertilizers (NSE:MANGCHEFER) Interest Expense : ₹-1,049 Mil (TTM As of Mar. 2024)

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What is Mangalore Chemicals & Fertilizers Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mangalore Chemicals & Fertilizers's interest expense for the three months ended in Mar. 2024 was ₹ -233 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1,049 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. Mangalore Chemicals & Fertilizers's Operating Income for the three months ended in Mar. 2024 was ₹ 177 Mil. Mangalore Chemicals & Fertilizers's Interest Expense for the three months ended in Mar. 2024 was ₹ -233 Mil. Mangalore Chemicals & Fertilizers's Interest Coverage for the quarter that ended in Mar. 2024 was 0.76. 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.

Mangalore Chemicals & Fertilizers Interest Expense Historical Data

The historical data trend for Mangalore Chemicals & Fertilizers'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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Mangalore Chemicals & Fertilizers Interest Expense Chart

Mangalore Chemicals & Fertilizers Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-882.77

-574.49

-313.54

-1,043.78

-1,049.30

Mangalore Chemicals & Fertilizers Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-307.30	-303.42	-281.88	-231.45	-232.54

Mangalore Chemicals & Fertilizers 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 quarterly data reported by the company within the most recent 12 months, which was ₹-1,049 Mil.

Mangalore Chemicals & Fertilizers (NSE:MANGCHEFER) 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.

Mangalore Chemicals & Fertilizers's Interest Expense for the three months ended in Mar. 2024 was ₹-233 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹177 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹3,174 Mil.

Mangalore Chemicals & Fertilizers's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	176.938	/	-232.541
	=	0.76

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

Mangalore Chemicals & Fertilizers (NSE:MANGCHEFER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Mangalore Chemicals & Fertilizers Ltd (NSE:MANGCHEFER) » Definitions » Interest Expense

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530011:India

Address

Vittal Mallya Road, Level-11, UB Towers, UB City Number 24, Bengaluru, KA, IND, 560001

Website

https://www.mangalorechemicals.com

Mangalore Chemicals & Fertilizers Ltd manufactures and markets chemical fertilizers in the state of Karnataka. It manufactures both Nitrogenous and Phosphatic fertilizers and is the only manufacturer of fertilizers in the state of Karnataka. About 77% of the company's products are sold in the state of Karnataka, which meets about 10% of the needs of the farmers in the State.

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