Rana Sugars (NSE:RANASUG) Interest Expense : ₹-284 Mil (TTM As of Mar. 2024)

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What is Rana Sugars Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Rana Sugars's interest expense for the three months ended in Mar. 2024 was ₹ -94 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-284 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. Rana Sugars's Operating Income for the three months ended in Mar. 2024 was ₹ 253 Mil. Rana Sugars's Interest Expense for the three months ended in Mar. 2024 was ₹ -94 Mil. Rana Sugars's Interest Coverage for the quarter that ended in Mar. 2024 was 2.70. 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.

Rana Sugars Interest Expense Historical Data

The historical data trend for Rana Sugars'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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Rana Sugars Interest Expense Chart

Rana Sugars Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-195.88

-158.00

-138.48

-229.10

-283.63

Rana Sugars Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-98.80	-79.03	-56.27	-54.78	-93.55

Rana Sugars 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-284 Mil.

Rana Sugars (NSE:RANASUG) 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.

Rana Sugars's Interest Expense for the three months ended in Mar. 2024 was ₹-94 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹253 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹1,050 Mil.

Rana Sugars'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	*	252.868	/	-93.552
	=	2.70

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

Rana Sugars (NSE:RANASUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Rana Sugars Ltd (NSE:RANASUG) » Definitions » Interest Expense

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507490:India

Address

SCO 49-50, Madhya Marg, Sector 8-C, Chandigarh, IND, 160009

Website

http://www.ranasugars.com

Rana Sugars Ltd is a sugar manufacturing company. Its segments include Sugar Manufacturing, Ethanol Manufacturing, and Power Generation. The Sugar Manufacturing segment acts as a core revenue driver for the firm which involves the manufacturing and selling of sugar, molasses, and bagasse. The company offers Double Refined White Sulphurless Sugar, Plantation White Sugar, Raw Sugar, and Sugar from Sugar Beet. Geographically, it operates in India.

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