On Door Concepts (NSE:ONDOOR) Interest Expense : ₹-1 Mil (TTM As of Mar. 2024)

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What is On Door Concepts Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. On Door Concepts's interest expense for the six months ended in Mar. 2024 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-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. On Door Concepts's Operating Income for the six months ended in Mar. 2024 was ₹ 54 Mil. On Door Concepts's Interest Expense for the six months ended in Mar. 2024 was ₹ -1 Mil. On Door Concepts's Interest Coverage for the quarter that ended in Mar. 2024 was 61.97. 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.

On Door Concepts Interest Expense Historical Data

The historical data trend for On Door Concepts'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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On Door Concepts Interest Expense Chart

On Door Concepts Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Expense

-35.18

-34.84

-6.61

-0.88

On Door Concepts Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Interest Expense	-35.18	-34.84	-6.61	-0.88

On Door Concepts Interest Expense Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-1 Mil.

On Door Concepts (NSE:ONDOOR) 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.

On Door Concepts's Interest Expense for the six months ended in Mar. 2024 was ₹-1 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹54 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹0 Mil.

On Door Concepts'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	*	54.29	/	-0.876
	=	61.97

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. On Door Concepts Ltd has enough cash to cover all of its debt. Its financial situation is stable.

On Door Concepts Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » On Door Concepts Ltd (NSE:ONDOOR) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hoshangabad Road, First Floor, Opposite Vrindawan Garden, Phoenix Corporate Park, Bhopal, MP, IND, 462026

Website

https://www.ondoor.com

On Door Concepts Ltd is a fast-upcoming regional omnichannel retailer of groceries and household essentials. The company has the advantage of being one of the early entrants in the supermarket industry to offer the convenience of both the colony stores as well as hyperlocal home delivery through online orders, many of its stores in the respective areas fulfill the on-line orders from their respective shelves.

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