Shri Techtex (NSE:SHRITECH) Interest Expense : ₹-22.5 Mil (TTM As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Shri Techtex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Shri Techtex's interest expense for the six months ended in Mar. 2024 was ₹ -22.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-22.5 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. Shri Techtex's Operating Income for the six months ended in Mar. 2024 was ₹ 187.1 Mil. Shri Techtex's Interest Expense for the six months ended in Mar. 2024 was ₹ -22.5 Mil. Shri Techtex's Interest Coverage for the quarter that ended in Mar. 2024 was 8.33. 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.

Shri Techtex Interest Expense Historical Data

The historical data trend for Shri Techtex'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.

Shri Techtex Interest Expense Chart

Shri Techtex Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

-7.13

-7.55

-11.30

-7.67

-22.46

Shri Techtex Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23	Mar24
Interest Expense	-7.13	-7.55	-11.30	-7.67	-22.46

Shri Techtex 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-22.5 Mil.

Shri Techtex (NSE:SHRITECH) 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.

Shri Techtex's Interest Expense for the six months ended in Mar. 2024 was ₹-22.5 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹187.1 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹70.7 Mil.

Shri Techtex'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	*	187.089	/	-22.461
	=	8.33

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

Shri Techtex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shri Techtex Ltd (NSE:SHRITECH) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Harmony, 2nd Floor,15/A, Shree Vidhyanagar Co-Operative Housing Society Ltd., Opposite Nabard, Near Usmanpura Garden, Ahmedabad, GJ, IND, 380014

Website

https://www.shritechtex.com

Shri Techtex Ltd is engaged in the business of manufacturing of Polypropylene (PP) Non-Woven Fabric. The practical use of non-woven fabric is more ecological for certain applications, especially in fields and industries where disposable or single-use products are important, such as organic farming, hospitals, health care, nursing homes, home furnishing, vehicle upholstery seat fabrication, Mattress & furniture covering, ecological packaging, industrial and consumer goods. The company manufactures PP non-woven fabric in a variety of sizes and densities.

Shri Techtex Headlines

No Headlines