Resurgere Mines & Minerals India (NSE:RMMIL) Interest Expense: ₹-341.37 Mil (TTM As of Mar. 2018)


What is Resurgere Mines & Minerals India Interest Expense?

Resurgere Mines & Minerals India NSE:RMMIL Interest Expense is ₹-341.37 Mil as of Mar. 2018.

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Resurgere Mines & Minerals India's interest expense for the six months ended in Mar. 2018 was ₹ -341.37 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2018 was ₹-341.37 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. Resurgere Mines & Minerals India's Operating Income for the six months ended in Mar. 2018 was ₹ -257.06 Mil. Resurgere Mines & Minerals India's Interest Expense for the six months ended in Mar. 2018 was ₹ -341.37 Mil. Resurgere Mines & Minerals India did not have earnings to cover the interest expense. 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.

Resurgere Mines & Minerals India  (NSE:RMMIL) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Resurgere Mines & Minerals India's Interest Expense for the six months ended in Mar. 2018 was ₹-341.37 Mil. Its Operating Income for the six months ended in Mar. 2018 was ₹-257.06 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2018 was ₹82.62 Mil.

Resurgere Mines & Minerals India's Interest Coverage for the quarter that ended in Mar. 2018 is calculated as

Resurgere Mines & Minerals India did not have earnings to cover the interest expense.

* 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.

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

Resurgere Mines & Minerals India Interest Expense Historical Data

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The historical data trend for Resurgere Mines & Minerals India'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.

Resurgere Mines & Minerals India Interest Expense Chart

Resurgere Mines & Minerals India Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -208.79 -235.32 -265.84 -300.94 -341.37

Resurgere Mines & Minerals India Semi-Annual Data
Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -208.79 -235.32 -265.84 -300.94 -341.37

Resurgere Mines & Minerals India 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. 2018 was ₹-341.37 Mil.

* 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.

Frequently Asked Questions Learn more about Interest Expense →
What does a Interest Expense of ₹-341.37 Mil mean?
Resurgere Mines & Minerals India (NSE:RMMIL) has a Interest Expense of ₹-341.37 Mil as of Mar. 2018. Interest Expense is the amount a company pays on its long-term debt. View historical data on Resurgere Mines & Minerals India and its competitors.
Is Resurgere Mines & Minerals India's Interest Expense too high?
Resurgere Mines & Minerals India's current Interest Expense is ₹-341.37 Mil.
How does Resurgere Mines & Minerals India's Interest Expense compare to competitors?
Resurgere Mines & Minerals India's Interest Expense of ₹-341.37 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Expense for a Metals & Mining company?
A good Interest Expense depends on the Metals & Mining industry context. However, Interest Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Expense mean?
A high Interest Expense can signal that a stock is expensive relative to its fundamentals. Interest Expense is the amount a company pays on its long-term debt. View historical data on Resurgere Mines & Minerals India and its competitors. Resurgere Mines & Minerals India's current Interest Expense is ₹-341.37 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Resurgere Mines & Minerals India stock overvalued right now?
Resurgere Mines & Minerals India (NSE:RMMIL) has a current Interest Expense of ₹-341.37 Mil. The current Interest Expense is ₹-341.37 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Expense calculated?
Interest Expense is calculated from a company's financial statements. For Resurgere Mines & Minerals India (NSE:RMMIL), the current Interest Expense is ₹-341.37 Mil as of Mar. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Resurgere Mines & Minerals India Business Description

Address 15, Morvi House, 28/30, Goa Street, Ballard Estate, 1st Floor, Mumbai, MH, IND, 400038
Resurgere Mines & Minerals India Ltd is engaged in extraction, processing, and sale of iron ore, bauxite and soapstone products and exploration & development of mining assets. The company's products portfolio consists of Lump Ore, Size Ore, Calibrated Lump Ore, Iron Ore Fines, and Bauxite. It operates two mines contracts, Iron Ore mine situated at Satarda and Bauxite mine situated at Mahalmiriya. It owns two mines, Soapstone mine situated at Dhelana in the state of Rajasthan and Bauxite mine situated at Yelwan Jugai, Maharashtra. Majority of the revenue is derived from its only segment Mining & Trading of Minerals.