Solex Energy (NSE:SMSOLEX) Interest Expense : ₹-105 Mil (TTM As of Mar. 2024)

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What is Solex Energy Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solex Energy's interest expense for the six months ended in Mar. 2024 was ₹ -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-105 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. Solex Energy's Operating Income for the six months ended in Mar. 2024 was ₹ 153 Mil. Solex Energy's Interest Expense for the six months ended in Mar. 2024 was ₹ -64 Mil. Solex Energy's Interest Coverage for the quarter that ended in Mar. 2024 was 2.37. 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.

Solex Energy Interest Expense Historical Data

The historical data trend for Solex Energy'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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Solex Energy Interest Expense Chart

Solex Energy Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-8.06

-7.66

-5.23

-56.12

-105.05

Solex Energy Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial												-2.92	-13.24	-42.88	-40.72	-64.33

Solex Energy 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 ₹-105 Mil.

Solex Energy (NSE:SMSOLEX) 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.

Solex Energy's Interest Expense for the six months ended in Mar. 2024 was ₹-64 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹153 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹472 Mil.

Solex Energy'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	*	152.673	/	-64.33
	=	2.37

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

Solex Energy (NSE:SMSOLEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solex Energy Ltd (NSE:SMSOLEX) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Near Madhuvan Circle, L.P. Savani Road, 310-303, Trinity Business Park, Pal, Surat, GJ, IND, 395009

Website

https://www.solex.in

Solex Energy Ltd is engaged in providing renewable energy solutions, specializing in the manufacturing of solar photovoltaic modules, solar home lights, solar street lights, solar lanterns, solar power plants, solar inverters, and solar water, among others.

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