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Saakshi Medtech and Panels (NSE:SAAKSHI) Interest Expense : ₹-16 Mil (TTM As of Mar. 2024)


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What is Saakshi Medtech and Panels Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Saakshi Medtech and Panels's interest expense for the six months ended in Mar. 2024 was ₹ -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-16 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. Saakshi Medtech and Panels's Operating Income for the six months ended in Mar. 2024 was ₹ 159 Mil. Saakshi Medtech and Panels's Interest Expense for the six months ended in Mar. 2024 was ₹ -16 Mil. Saakshi Medtech and Panels's Interest Coverage for the quarter that ended in Mar. 2024 was 9.98. 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.

Saakshi Medtech and Panels Interest Expense Historical Data

The historical data trend for Saakshi Medtech and Panels'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.

* Premium members only.

Saakshi Medtech and Panels Interest Expense Chart

Saakshi Medtech and Panels Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
-19.63 -13.46 -13.44 -12.61 -15.98

Saakshi Medtech and Panels Semi-Annual Data
Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense -19.63 -13.46 -13.44 -12.61 -15.98

Saakshi Medtech and Panels 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 ₹-16 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.

Saakshi Medtech and Panels  (NSE:SAAKSHI) 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.

Saakshi Medtech and Panels's Interest Expense for the six months ended in Mar. 2024 was ₹-16 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹159 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹150 Mil.

Saakshi Medtech and Panels'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*159.49/-15.98
=9.98

* 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.

Saakshi Medtech and Panels Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Saakshi Medtech and Panels Ltd (NSE:SAAKSHI) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
Plot No. EL-23, J Block, MIDC Industrial Area, Bhosari, Pune, MH, IND, 411026
Website
https://www.smtpl.co
Saakshi Medtech and Panels Ltd is a diversified company engaged in manufacturing of Electrical Control Panels and Cabinets used in elevators, air compressors, renewal energy industry, oil & gas exploration industry, electrical vehicle charging stations etc, Medical X Ray System used in healthcare industry, Fabrication works for locomotives and wire harness division for their captive consumption in electrical control panels and for supply to air compressor industry. Their comprehensive solutions include design, process engineering and manufacturing including fabrication, assembly and testing facilities. It designs, programs and assembles Electrical Control Panels and Cabinets comprising of micro controller, programmable logic controllers and SCADA system.

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