Pranik Logistics (NSE:PRANIK) Interest Expense : ₹-17.1 Mil (TTM As of Mar. 2024)

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What is Pranik Logistics Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pranik Logistics's interest expense for the six months ended in Mar. 2024 was ₹ -17.1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-17.1 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. Pranik Logistics's Operating Income for the six months ended in Mar. 2024 was ₹ 65.2 Mil. Pranik Logistics's Interest Expense for the six months ended in Mar. 2024 was ₹ -17.1 Mil. Pranik Logistics's Interest Coverage for the quarter that ended in Mar. 2024 was 3.81. 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.

Pranik Logistics Interest Expense Historical Data

The historical data trend for Pranik Logistics'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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Pranik Logistics Interest Expense Chart

Pranik Logistics Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Expense

-0.78

-2.32

-8.11

-17.10

Pranik Logistics Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Interest Expense	-0.78	-2.32	-8.11	-17.10

Pranik Logistics 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 ₹-17.1 Mil.

Pranik Logistics (NSE:PRANIK) 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.

Pranik Logistics's Interest Expense for the six months ended in Mar. 2024 was ₹-17.1 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹65.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹20.2 Mil.

Pranik Logistics'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	*	65.165	/	-17.104
	=	3.81

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

Pranik Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Pranik Logistics Ltd (NSE:PRANIK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

P. S. Srijan Tech Park, Plot No. 52, Block DN, 14th Floor, Sector V, Salt Lake, Kolkata, WB, IND, 700091

Website

https://www.pranikgroup.com

Pranik Logistics Ltd is engaged as carrying and forwarding agent providing end-to-end Logistics solutions. It is a pan India logistics provider, acting as carrying and forwarding agent and providing integrated services including transportation, warehousing, material handling and freight forwarding to various industries such as Retail, Customer Durables, Telecom, Manufacturing, Pharma, etc.

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