Morarjee Textiles (NSE:MORARJEE) Interest Expense: ₹-761.1 Mil (TTM As of Dec. 2023)

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NSE:MORARJEE Morarjee Textiles Ltd NSE:MORARJEE
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What is Morarjee Textiles Interest Expense?

Morarjee Textiles NSE:MORARJEE 4 Interest Expense is ₹-761.1 Mil as of Dec. 2023. GuruFocus rates NSE:MORARJEE with a GF Score™ of 4/100.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Morarjee Textiles's interest expense for the three months ended in Dec. 2023 was ₹ -198.7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-761.1 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. Morarjee Textiles's Operating Income for the three months ended in Dec. 2023 was ₹ -110.3 Mil. Morarjee Textiles's Interest Expense for the three months ended in Dec. 2023 was ₹ -198.7 Mil. Morarjee Textiles did not have earnings to cover the interest expense. 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.

Morarjee Textiles  (NSE:MORARJEE) 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.

Morarjee Textiles's Interest Expense for the three months ended in Dec. 2023 was ₹-198.7 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹-110.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.0 Mil.

Morarjee Textiles's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Morarjee Textiles did not have earnings to cover the interest expense.

* 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.

Morarjee Textiles Interest Expense Historical Data

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The historical data trend for Morarjee Textiles'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.

Morarjee Textiles Interest Expense Chart

Morarjee Textiles Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -491.24 -520.94 -504.50 -689.20 -762.99

Morarjee Textiles Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -222.80 -133.09 -207.00 -222.30 -198.70
NSE:MORARJEE
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Morarjee Textiles Ltd NSE:MORARJEE
Interest Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Morarjee Textiles 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-761.1 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₹-761.1 Mil mean?
Morarjee Textiles (NSE:MORARJEE) has a Interest Expense of ₹-761.1 Mil as of Dec. 2023. Interest Expense is the amount a company pays on its long-term debt. View historical data on Morarjee Textiles and its competitors.
Is Morarjee Textiles' Interest Expense too high?
Morarjee Textiles' current Interest Expense is ₹-761.1 Mil. Overall, Morarjee Textiles has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Morarjee Textiles' Interest Expense compare to competitors?
Morarjee Textiles' Interest Expense of ₹-761.1 Mil can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Manufacturing - Apparel & Accessories company?
A good Interest Expense depends on the Manufacturing - Apparel & Accessories industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Morarjee Textiles and its competitors. Morarjee Textiles's current Interest Expense is ₹-761.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morarjee Textiles stock overvalued right now?
Morarjee Textiles (NSE:MORARJEE) has a current Interest Expense of ₹-761.1 Mil. The current Interest Expense is ₹-761.1 Mil. Morarjee Textiles' overall GF Score™ is 4/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Morarjee Textiles (NSE:MORARJEE), the current Interest Expense is ₹-761.1 Mil as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Morarjee Textiles Business Description

Address Ganpatrao Kadam Marg, Unit 5, Ground Floor, Wing B, Peninsula Corporate Park, Peninsula Tower - 1, Lower Parel West, Mumbai, MH, IND, 400013
Morarjee Textiles Ltd is involved in the textile manufacturing business sector. The firm deals in the manufacture of yarn and fabrics. Its products include white fabric, voiles, yarn, and fashion prints among others.
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Interest Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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