Medico Remedies (NSE:MEDICO) Interest Expense : ₹-8 Mil (TTM As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Medico Remedies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Medico Remedies's interest expense for the three months ended in Mar. 2024 was ₹ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-8 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. Medico Remedies's Operating Income for the three months ended in Mar. 2024 was ₹ 39 Mil. Medico Remedies's Interest Expense for the three months ended in Mar. 2024 was ₹ -2 Mil. Medico Remedies's Interest Coverage for the quarter that ended in Mar. 2024 was 15.82. 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.

Medico Remedies Interest Expense Historical Data

The historical data trend for Medico Remedies'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.

Medico Remedies Interest Expense Chart

Medico Remedies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

Get a 7-Day Free Trial

-8.34

-7.90

-5.07

-7.47

-8.24

Medico Remedies Quarterly Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-2.06	-1.72	-1.82	-2.23	-2.47

Medico Remedies 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 ₹-8 Mil.

Medico Remedies (NSE:MEDICO) 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.

Medico Remedies's Interest Expense for the three months ended in Mar. 2024 was ₹-2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹9 Mil.

Medico Remedies'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	*	39.079	/	-2.471
	=	15.82

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

Medico Remedies (NSE:MEDICO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medico Remedies Ltd (NSE:MEDICO) » Definitions » Interest Expense

Traded in Other Exchanges

540937:India

Address

N. S. Phadke Marg, Opposite Teligali, 1105/1106, 11th Floor, Hubtown Solaris, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.medicoremedies.com

Medico Remedies Ltd is a manufacturer, supplier, and exporter of pharmaceutical drugs. It focuses on the production and marketing of anti-infective, cephalosporins, antimalarial, antiretroviral, anti-ulcer drugs and antacids, vitamins, haematinics, and other supplements. In addition, it also sells other drugs such as antihistaminic, antidiabetics, cardiovascular drugs, diuretics, anti-epileptics, combination drug kits, syrups and cream, and gel for various therapeutic segments.

Medico Remedies (NSE:MEDICO) Headlines

No Headlines