Manglam Infra and Engineering (NSE:MIEL) Interest Expense : ₹-2.0 Mil (TTM As of Sep. 2024)

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What is Manglam Infra and Engineering Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Manglam Infra and Engineering's interest expense for the six months ended in Sep. 2024 was ₹ -2.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-2.0 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. Manglam Infra and Engineering's Operating Income for the six months ended in Sep. 2024 was ₹ 39.9 Mil. Manglam Infra and Engineering's Interest Expense for the six months ended in Sep. 2024 was ₹ -2.0 Mil. Manglam Infra and Engineering's Interest Coverage for the quarter that ended in Sep. 2024 was 20.33. 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.

Manglam Infra and Engineering Interest Expense Historical Data

The historical data trend for Manglam Infra and Engineering'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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Manglam Infra and Engineering Interest Expense Chart

Manglam Infra and Engineering Annual Data

Trend

Mar22

Mar23

Mar24

Interest Expense

-5.55

-5.70

-3.34

Manglam Infra and Engineering Semi-Annual Data
	Mar22	Mar23	Mar24	Sep24
Interest Expense	-	-	-	-1.96

Manglam Infra and Engineering 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-2.0 Mil.

Manglam Infra and Engineering (NSE:MIEL) 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.

Manglam Infra and Engineering's Interest Expense for the six months ended in Sep. 2024 was ₹-2.0 Mil. Its Operating Income for the six months ended in Sep. 2024 was ₹39.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ₹13.7 Mil.

Manglam Infra and Engineering'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	*	39.853	/	-1.96
	=	20.33

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

Manglam Infra and Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Manglam Infra and Engineering Ltd (NSE:MIEL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

E-8/31, Area Colony, Near Bus Stop No.12, Bhopal, MP, IND, 462039

Website

https://www.manglaminfra.com

Mangalam Infra and Engineering Ltd is an infrastructure consultancy company. It is providing project management consultancy services which includes detailed project reports (DPRs), Supervision and quality control (SQC), and operation & maintenance (O & M) for Highways/Roads, Bridges, Tunnels, Buildings/Urban development. It has cater to various state governments of Madhya Pradesh, Jammu & Kashmir, Bihar, Arunachal Pradesh, Jharkhand, Himachal Pradesh, Uttar Pradesh, Manipur, Nagaland, Maharashtra, Assam, Rajasthan, Uttarakhand and Haryana and central government.

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