Sahaj Solar (NSE:SAHAJSOLAR) Interest Expense : ₹-40 Mil (TTM As of Sep. 2024)

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What is Sahaj Solar Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Sahaj Solar's interest expense for the six months ended in Sep. 2024 was ₹ -25 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-40 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. Sahaj Solar's Operating Income for the six months ended in Sep. 2024 was ₹ 78 Mil. Sahaj Solar's Interest Expense for the six months ended in Sep. 2024 was ₹ -25 Mil. Sahaj Solar's Interest Coverage for the quarter that ended in Sep. 2024 was 3.18. 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.

Sahaj Solar Interest Expense Historical Data

The historical data trend for Sahaj Solar'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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Sahaj Solar Interest Expense Chart

Sahaj Solar Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Expense

-8.07

-11.36

-14.69

-25.09

Sahaj Solar Semi-Annual Data
	Mar21	Mar22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial			-	-	-10.13	-14.97	-24.54

Sahaj Solar 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-40 Mil.

Sahaj Solar (NSE:SAHAJSOLAR) 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.

Sahaj Solar's Interest Expense for the six months ended in Sep. 2024 was ₹-25 Mil. Its Operating Income for the six months ended in Sep. 2024 was ₹78 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ₹14 Mil.

Sahaj Solar's Interest Coverage for the quarter that ended in Sep. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2024 )	/	Interest Expense (Q: Sep. 2024 )
	=	-1	*	78.143	/	-24.535
	=	3.18

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

Sahaj Solar Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sahaj Solar Ltd (NSE:SAHAJSOLAR) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Office No. 301, Ashirvad Paras, Opposite Prahladnagar Garden, Satellite, Ahmedabad, GJ, IND, 380051

Website

https://www.sahajsolar.com

Sahaj Solar Ltd is a renewable energy solution provider engaged majorly into three businesses being manufacturing of PV modules, providing solar water pumping systems and providing EPC services to PAN India customers. Its product include Solar Panel, Solar Water Pump, Solar Mobile Trolleys, Solar Home Light and etc.

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