Pritika Engineering Components (NSE:PRITIKA) Interest Expense : ₹-36.4 Mil (TTM As of Mar. 2023)

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What is Pritika Engineering Components Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Pritika Engineering Components's interest expense for the six months ended in Mar. 2023 was ₹ -18.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-36.4 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. Pritika Engineering Components's Operating Income for the six months ended in Mar. 2023 was ₹ 33.0 Mil. Pritika Engineering Components's Interest Expense for the six months ended in Mar. 2023 was ₹ -18.8 Mil. Pritika Engineering Components's Interest Coverage for the quarter that ended in Mar. 2023 was 1.75. 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.

Pritika Engineering Components Interest Expense Historical Data

The historical data trend for Pritika Engineering 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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Pritika Engineering Components Interest Expense Chart

Pritika Engineering Components Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

-16.14

-18.32

-21.06

-36.36

-39.46

Pritika Engineering Components Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Mar24
Interest Expense	Get a 7-Day Free Trial			-	-	-17.55	-18.81	-

Pritika Engineering 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 Mar. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-36.4 Mil.

Pritika Engineering Components (NSE:PRITIKA) 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.

Pritika Engineering Components's Interest Expense for the six months ended in Mar. 2023 was ₹-18.8 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹33.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹184.2 Mil.

Pritika Engineering Components's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	32.958	/	-18.805
	=	1.75

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

Pritika Engineering Components (NSE:PRITIKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Pritika Engineering Components Ltd (NSE:PRITIKA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Area, S.A.S Nagar, Plot No.C-94, Phase-VII, Mohali, PB, IND, 160055

Website

https://www.pritikaengineering.com

Pritika Engineering Components Ltd is engaged in the business of manufacturing precision-machined components for the automotive industry, especially for tractors, trucks, and other commercial vehicles. The company manufactures various Tractors and Automobile components like End Covers, Cover Sealed Brakes, Differential Cases, Cover Hydraulic Lift, Cover Transcase, Front Wheel hubs, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing, and Front Engine Supports. It manufactures customized products for tractors, commercial vehicles, and other construction equipment.

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