Paras Defence And Space Technologies (NSE:PARAS) Interest Expense : ₹-51 Mil (TTM As of Dec. 2024)

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What is Paras Defence And Space Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Paras Defence And Space Technologies's interest expense for the three months ended in Dec. 2024 was ₹ -6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-51 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. Paras Defence And Space Technologies's Operating Income for the three months ended in Dec. 2024 was ₹ 183 Mil. Paras Defence And Space Technologies's Interest Expense for the three months ended in Dec. 2024 was ₹ -6 Mil. Paras Defence And Space Technologies's Interest Coverage for the quarter that ended in Dec. 2024 was 28.98. 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.

Paras Defence And Space Technologies Interest Expense Historical Data

The historical data trend for Paras Defence And Space Technologies'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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Paras Defence And Space Technologies Interest Expense Chart

Paras Defence And Space Technologies Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-86.65

-122.67

-71.06

-49.82

-35.44

Paras Defence And Space Technologies Quarterly Data
	Mar19	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial														-15.10	-3.64	-15.30	-25.60	-6.30

Paras Defence And Space Technologies 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-51 Mil.

Paras Defence And Space Technologies (NSE:PARAS) 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.

Paras Defence And Space Technologies's Interest Expense for the three months ended in Dec. 2024 was ₹-6 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹183 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Paras Defence And Space Technologies's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	182.6	/	-6.3
	=	28.98

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

Paras Defence And Space Technologies Business Description

Industry

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543367:India

Address

D-112, TTC Industrial Area, MIDC, Nerul, Navi Mumbai, MH, IND, 400706

Website

https://www.parasdefence.com

Paras Defence And Space Technologies Ltd is engaged in the designing, developing, manufacturing, and testing of various defense and space engineering products and solutions. The company's product portfolio includes lens barrels, rugged networking and communication equipment, multifold lenses, metal mirrors, submarine winches, and mill grade control systems among others. Its operating segments are; Optics & Optronic Systems, and Defence Engineering. The maximum revenue for the company is derived from its Defence Engineering segment. Geographically, the firm generates a majority of its revenue from its customers within India and the rest from outside India through exports.

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