Signet Industries (NSE:SIGIND) Interest Expense : ₹-565 Mil (TTM As of Mar. 2024)

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What is Signet Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Signet Industries's interest expense for the three months ended in Mar. 2024 was ₹ -152 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-565 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. Signet Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 188 Mil. Signet Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -152 Mil. Signet Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 1.24. 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.

Signet Industries Interest Expense Historical Data

The historical data trend for Signet 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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Signet Industries Interest Expense Chart

Signet Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-397.64

-424.63

-391.28

-440.72

-564.77

Signet Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-120.03	-120.37	-135.92	-156.57	-151.91

Signet 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-565 Mil.

Signet Industries (NSE:SIGIND) 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.

Signet Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-152 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹188 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹482 Mil.

Signet Industries'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	*	187.685	/	-151.911
	=	1.24

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

Signet Industries (NSE:SIGIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Signet Industries Ltd (NSE:SIGIND) » Definitions » Interest Expense

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512131:India

Address

Lasudia Mori, Dewas Naka, Survey Number 314/3, SDA Compound, Indore, MP, IND, 452010

Website

https://www.groupsignet.com

Signet Industries Ltd is engaged in the business of merchant trading of all kinds of polymers and other related products. It is also involved in manufacturing micro-irrigation systems, sprinkler pipes, agro fittings, and its allied products, household and plastic molded furniture's. Its primary segments are Manufacturing, Windmill, and Trading. The Manufacturing segment comprises of manufacturing of irrigation and plastic products. Its Windmill includes the wind turbine power unit and the Trading segment involves the trading of Polymers and Plastic Granuals. It derives prime revenue from India.

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