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Meghmani Organics (NSE:MOL) Interest Expense : ₹-563 Mil (TTM As of Sep. 2024)


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What is Meghmani Organics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Meghmani Organics's interest expense for the three months ended in Sep. 2024 was ₹ -262 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-563 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. Meghmani Organics's Operating Income for the three months ended in Sep. 2024 was ₹ 51 Mil. Meghmani Organics's Interest Expense for the three months ended in Sep. 2024 was ₹ -262 Mil. Meghmani Organics's Interest Coverage for the quarter that ended in Sep. 2024 was 0.19. 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.

Meghmani Organics Interest Expense Historical Data

The historical data trend for Meghmani Organics'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.

Meghmani Organics Interest Expense Chart

Meghmani Organics Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial -182.92 -65.79 -69.27 -152.09 -367.57

Meghmani Organics Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 -127.68 -266.33 71.12 -105.85 -262.20

Meghmani Organics 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 ₹-563 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.

Meghmani Organics  (NSE:MOL) 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.

Meghmani Organics's Interest Expense for the three months ended in Sep. 2024 was ₹-262 Mil. Its Operating Income for the three months ended in Sep. 2024 was ₹51 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2024 was ₹3,328 Mil.

Meghmani Organics'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*50.769/-262.201
=0.19

* 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.

Meghmani Organics Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Meghmani Organics Ltd (NSE:MOL) » Definitions » Interest Expense
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Traded in Other Exchanges
543331:India
Address
Near Raj Bunglows, Near Safal Profitaire, Prahlad Nagar, 1st to 3rd Floor, Meghmani House, Satellite, Ahmedabad, GJ, IND, 380015
Website
https://www.meghmani.com
Meghmani Organics Ltd is engaged in the manufacturing of pigments and agrochemicals. The company operates through business divisions namely Pigments and Agrochemicals. The Pigments division is engaged in the manufacture and distribution of phthalocyanine green 7, copper phthalocyanine blue, alpha blue, and beta blue. The Agrochemicals Division, the key revenue-generating segment, is engaged in the manufacturing and distribution of technical, intermediates, and formulations of Crop Protection Chemicals. It has a presence in India as well as Outside India.

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