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Mangalore Chemicals & Fertilizers (NSE:MANGCHEFER) Interest Expense : ₹-529 Mil (TTM As of Sep. 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 Sep. 2024 was ₹ -205 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-529 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 Sep. 2024 was ₹ 566 Mil. Mangalore Chemicals & Fertilizers's Interest Expense for the three months ended in Sep. 2024 was ₹ -205 Mil. Mangalore Chemicals & Fertilizers's Interest Coverage for the quarter that ended in Sep. 2024 was 2.77. 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.

* Premium members only.

Mangalore Chemicals & Fertilizers Interest Expense Chart

Mangalore Chemicals & Fertilizers Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -882.77 -574.49 -313.54 -736.53 -909.43

Mangalore Chemicals & Fertilizers Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -303.42 -281.88 -231.45 -92.67 -204.56

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 Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-529 Mil.

* 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.

Mangalore Chemicals & Fertilizers  (NSE:MANGCHEFER) Interest Expense Explanation

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. The higher, the better.

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 Sep. 2024 was ₹-205 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹566 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹2,780 Mil.

Mangalore Chemicals & Fertilizers'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*566.03/-204.564
=2.77

* 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.

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

Mangalore Chemicals & Fertilizers Business Description

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