Paramount Dye Tec (NSE:PARAMOUNT) Interest Expense : ₹-8.5 Mil (TTM As of Mar. 2024)

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What is Paramount Dye Tec Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Paramount Dye Tec's interest expense for the six months ended in Mar. 2024 was ₹ -8.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-8.5 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. Paramount Dye Tec's Operating Income for the six months ended in Mar. 2024 was ₹ 94.4 Mil. Paramount Dye Tec's Interest Expense for the six months ended in Mar. 2024 was ₹ -8.5 Mil. Paramount Dye Tec's Interest Coverage for the quarter that ended in Mar. 2024 was 11.17. 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.

Paramount Dye Tec Interest Expense Historical Data

The historical data trend for Paramount Dye Tec'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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Paramount Dye Tec Interest Expense Chart

Paramount Dye Tec Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Expense

-1.89

-4.58

-2.83

-8.46

Paramount Dye Tec Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Interest Expense	-1.89	-4.58	-2.83	-8.46

Paramount Dye Tec 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 ₹-8.5 Mil.

Paramount Dye Tec (NSE:PARAMOUNT) 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.

Paramount Dye Tec's Interest Expense for the six months ended in Mar. 2024 was ₹-8.5 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹94.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹7.6 Mil.

Paramount Dye Tec'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	*	94.445	/	-8.456
	=	11.17

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

Paramount Dye Tec Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Paramount Dye Tec Ltd (NSE:PARAMOUNT) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Machiwara Road, Village Mangarh, Kohara, Ludhiana, PB, IND, 141112

Website

https://www.paramountdyetec.com

Paramount Dye Tec Ltd manufactures yarns by recycling synthetic fiber (recycling synthetic waste), serving the B2B segment of the textile industry. It offers a range of products including synthetic fiber and yarns which include acrylic yarn, polyester yarn, nylon yarn, wool yarn, hand-knitting yarn and acrylic blend yarn with quality, finer impact, and lasting excellence. The company utilizes synthetic waste fibers as its primary raw material, transforming them into quality yarn.

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