Reliance Chemotex Industries (NSE:RELCHEMQ) Interest Expense : ₹-156 Mil (TTM As of Dec. 2024)

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What is Reliance Chemotex Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Reliance Chemotex Industries's interest expense for the three months ended in Dec. 2024 was ₹ -59 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-156 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. Reliance Chemotex Industries's Operating Income for the three months ended in Dec. 2024 was ₹ 55 Mil. Reliance Chemotex Industries's Interest Expense for the three months ended in Dec. 2024 was ₹ -59 Mil. Reliance Chemotex Industries's Interest Coverage for the quarter that ended in Dec. 2024 was 0.92. 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.

Reliance Chemotex Industries Interest Expense Historical Data

The historical data trend for Reliance Chemotex Industries'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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Reliance Chemotex Industries Interest Expense Chart

Reliance Chemotex Industries Annual Data

Trend

Mar15

Mar16

Mar17

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Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-58.68

-58.95

-80.03

-85.22

-118.29

Reliance Chemotex Industries Quarterly Data
	Mar20	Jun20	Sep20	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															-49.25	26.59	-63.43	-60.32	-59.06

Reliance Chemotex Industries 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 ₹-156 Mil.

Reliance Chemotex Industries (NSE:RELCHEMQ) 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.

Reliance Chemotex Industries's Interest Expense for the three months ended in Dec. 2024 was ₹-59 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Reliance Chemotex Industries'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	*	54.61	/	-59.06
	=	0.92

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Reliance Chemotex Industries Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Reliance Chemotex Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Reliance Chemotex Industries Ltd (NSE:RELCHEMQ) » Definitions » Interest Expense

Traded in Other Exchanges

503162:India

Address

Village Kanpur, Post Box No. 73, Udaipur, RJ, IND, 313 003

Website

https://www.reliancechemotex.com

Reliance Chemotex Industries Ltd is engaged in the manufacturing of synthetic blended yarn. The company's geographical segments are Sales within India which includes sales to customers located in India and Sales outside India consisting of sales to customers located outside India. It offers various products such as Home furnishing yarns which includes artificial silk carpets, conveyor belt, towels, raised and flat upholstery, and artificial leather, Industrial yarns comprising school uniforms, shawls, medical aids, dyed polyester and viscose yarn. The Company's primary business segment is Yarn. In addition, it also provides Apparel yarns such as knitwear, suiting's and dyed viscose yarns for carpets.

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