My Mudra Fincorp (NSE:MYMUDRA) Interest Expense : ₹ Mil (TTM As of Mar. 2024)

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What is My Mudra Fincorp Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. My Mudra Fincorp's interest expense for the six months ended in Mar. 2024 was ₹ -9.6 Mil. My Mudra Fincorp does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2024.

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. My Mudra Fincorp's Operating Income for the six months ended in Mar. 2024 was ₹ 123.9 Mil. My Mudra Fincorp's Interest Expense for the six months ended in Mar. 2024 was ₹ -9.6 Mil. My Mudra Fincorp's Interest Coverage for the quarter that ended in Mar. 2024 was 12.89. 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.

My Mudra Fincorp Interest Expense Historical Data

The historical data trend for My Mudra Fincorp'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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My Mudra Fincorp Interest Expense Chart

My Mudra Fincorp Annual Data

Trend

Mar22

Mar23

Mar24

Interest Expense

-3.81

-5.04

-9.61

My Mudra Fincorp Semi-Annual Data
	Mar22	Mar23	Mar24
Interest Expense	-3.81	-5.04	-9.61

My Mudra Fincorp Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

My Mudra Fincorp (NSE:MYMUDRA) 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.

My Mudra Fincorp's Interest Expense for the six months ended in Mar. 2024 was ₹-9.6 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹123.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹30.3 Mil.

My Mudra Fincorp'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	*	123.869	/	-9.608
	=	12.89

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

My Mudra Fincorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » My Mudra Fincorp Ltd (NSE:MYMUDRA) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

w.e.a. Karol Bagh, 17A/45, 3rd Floor, Central Delhi, New Delhi, IND, 110005

Website

https://www.mymudra.com

My Mudra Fincorp Ltd functions as a Channel Partner (DSA) for Banks and NBFCs operating in India. Its business model integrates tele-calling, advertising, direct marketing, referrals, networking, and a combined physical and digital (physital) marketing approach to acquire customers for the banks and NBFC's. The company provides its customers with the ability to research and compare a wide range of lending and insurance products offered by its lending and insurer partners, enhancing choice and transparency.

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