Pattech Fitwell Tube Components (NSE:PATTECH) Interest Expense : ₹-4.6 Mil (TTM As of Sep. 2023)

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What is Pattech Fitwell Tube Components Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pattech Fitwell Tube Components's interest expense for the six months ended in Sep. 2023 was ₹ -4.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was ₹-4.6 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. Pattech Fitwell Tube Components's Operating Income for the six months ended in Sep. 2023 was ₹ 9.7 Mil. Pattech Fitwell Tube Components's Interest Expense for the six months ended in Sep. 2023 was ₹ -4.6 Mil. Pattech Fitwell Tube Components's Interest Coverage for the quarter that ended in Sep. 2023 was 2.10. 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.

Pattech Fitwell Tube Components Interest Expense Historical Data

The historical data trend for Pattech Fitwell Tube Components'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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Pattech Fitwell Tube Components Interest Expense Chart

Pattech Fitwell Tube Components Annual Data

Trend

Mar20

Mar21

Mar22

Interest Expense

-3.70

-6.36

-5.09

Pattech Fitwell Tube Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep23
Interest Expense	-	-	-	-4.61

Pattech Fitwell Tube Components 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 Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-4.6 Mil.

Pattech Fitwell Tube Components (NSE:PATTECH) 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.

Pattech Fitwell Tube Components's Interest Expense for the six months ended in Sep. 2023 was ₹-4.6 Mil. Its Operating Income for the six months ended in Sep. 2023 was ₹9.7 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2023 was ₹81.7 Mil.

Pattech Fitwell Tube Components's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	9.69	/	-4.612
	=	2.10

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

Pattech Fitwell Tube Components Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Pattech Fitwell Tube Components Ltd (NSE:PATTECH) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.873/B/1 Road No:1 Anson Limbani Estate, Near GETCO 66 KV Substation GIDC POR NH-8, Vadodara, GJ, IND, 391243

Website

https://www.pftcpipefittings.com

Pattech Fitwell Tube Components Ltd is engaged in manufacturing pipe fittings, flanges, and various types of forgings and machined components as well as pipe spools and fabrication works for various industries like fertilizers, petrochemical, power, chemical & pharmaceutical, food processing, oil & gas, desalination & water treatment, shipbuilding, defense, fabrication of process equipment, instrumentation.

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