Spectrum Electrical Industries (NSE:SPECTRUM) Interest Expense : ₹-97 Mil (TTM As of Sep. 2024)

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What is Spectrum Electrical Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Spectrum Electrical Industries's interest expense for the six months ended in Sep. 2024 was ₹ -45 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2024 was ₹-97 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. Spectrum Electrical Industries's Operating Income for the six months ended in Sep. 2024 was ₹ 172 Mil. Spectrum Electrical Industries's Interest Expense for the six months ended in Sep. 2024 was ₹ -45 Mil. Spectrum Electrical Industries's Interest Coverage for the quarter that ended in Sep. 2024 was 3.78. 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.

Spectrum Electrical Industries Interest Expense Historical Data

The historical data trend for Spectrum Electrical 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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Spectrum Electrical Industries Interest Expense Chart

Spectrum Electrical Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-32.12

-58.05

-75.05

-71.44

-86.72

Spectrum Electrical Industries Semi-Annual Data
	Mar14	Mar15	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Interest Expense	Get a 7-Day Free Trial													-40.60	-30.84	-35.42	-51.30	-45.41

Spectrum Electrical 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 Sep. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-97 Mil.

Spectrum Electrical Industries (NSE:SPECTRUM) 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.

Spectrum Electrical Industries's Interest Expense for the six months ended in Sep. 2024 was ₹-45 Mil. Its Operating Income for the six months ended in Sep. 2024 was ₹172 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Sep. 2024 was ₹191 Mil.

Spectrum Electrical Industries'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	*	171.767	/	-45.41
	=	3.78

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

Spectrum Electrical Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spectrum Electrical Industries Ltd (NSE:SPECTRUM) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Office No. 501, A&B, Omega Building, 5th Floor, Omega Tower, Hiranandani Garden, Powai, Mumbai, MH, IND, 400076

Website

https://spectrum-india.com

Spectrum Electrical Industries Ltd is an India-based contract manufacturer and a component supplier. It is mainly engaged in the business of designing and manufacturing electrical, automobile, and irrigation components. It offers a varieties of products under the domain of the electrical component including miniature circuit breaker (MCB) base and cover, distribution board, alternating current (AC) Box, modular electric board panels, fancy angle holders, calipers, filter pumps, carrier, and filter tank. It also offers various services including surface coatings, metallic stamping, plastics molding, and designing new molds, and dies press tools. The company mainly offers its products in the Indian market and it also exports some of its products.

Spectrum Electrical Industries Headlines

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