GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Solar Industries India Ltd (NSE:SOLARINDS) » Definitions » Interest Expense

Solar Industries India (NSE:SOLARINDS) Interest Expense : ₹-1,124 Mil (TTM As of Jun. 2024)


View and export this data going back to 2006. Start your Free Trial

What is Solar Industries India Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Solar Industries India's interest expense for the three months ended in Jun. 2024 was ₹ -275 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-1,124 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. Solar Industries India's Operating Income for the three months ended in Jun. 2024 was ₹ 4,094 Mil. Solar Industries India's Interest Expense for the three months ended in Jun. 2024 was ₹ -275 Mil. Solar Industries India's Interest Coverage for the quarter that ended in Jun. 2024 was 14.90. 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.

Solar Industries India Interest Expense Historical Data

The historical data trend for Solar Industries India'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.

Solar Industries India Interest Expense Chart

Solar Industries India Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -522.40 -453.90 -502.50 -903.80 -1,093.70

Solar Industries India Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -246.70 -248.90 -282.90 -317.20 -274.70

Solar Industries India 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-1,124 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.

Solar Industries India  (NSE:SOLARINDS) 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.

Solar Industries India's Interest Expense for the three months ended in Jun. 2024 was ₹-275 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹4,094 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0 Mil.

Solar Industries India's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*4094/-274.7
=14.90

* 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.

Solar Industries India Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Solar Industries India Ltd (NSE:SOLARINDS) » Definitions » Interest Expense
Comparable Companies
BOM:523457 BOM:509480 BOM:542812 NSE:SRF BOM:500165 NSE:ATUL BOM:524200 BOM:524208 BOM:523367 BOM:543318 LIN XPAR:AI APD SHW ECL SHSE:600309 XSWX:SIKA BOM:500820 DD XSWX:GIVN
Traded in Other Exchanges
532725:India
Address
Amravati Road, Solar House, 14, Kachimet, Nagpur, MH, IND, 440023
Website
https://www.solargroup.com
Solar Industries India Ltd manufactures and sells a variety of explosives and defense products. The company primarily sells bulk and packaged explosives as well as detonation initiating systems to the mining, infrastructure, and construction industries. The firm's defense products include high energy explosives, propellants for delivering missiles and rockets, pyros, bombs, and warheads. Geographically, the group holds its presence in both India and internationally of which Indian region accounts for a majority of revenue.

Solar Industries India Headlines

No Headlines