Srivari Spices and Foods (NSE:SSFL) Interest Expense : ₹ Mil (TTM As of Mar. 2023)

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What is Srivari Spices and Foods Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Srivari Spices and Foods's interest expense for the six months ended in Mar. 2023 was ₹ -6.7 Mil. Srivari Spices and Foods does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2023.

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. Srivari Spices and Foods's Operating Income for the six months ended in Mar. 2023 was ₹ 51.8 Mil. Srivari Spices and Foods's Interest Expense for the six months ended in Mar. 2023 was ₹ -6.7 Mil. Srivari Spices and Foods's Interest Coverage for the quarter that ended in Mar. 2023 was 7.67. 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.

Srivari Spices and Foods Interest Expense Historical Data

The historical data trend for Srivari Spices and Foods'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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Srivari Spices and Foods Interest Expense Chart

Srivari Spices and Foods Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-0.05

-0.98

-6.75

Srivari Spices and Foods Semi-Annual Data
	Mar21	Mar22	Mar23
Interest Expense	-0.05	-0.98	-6.75

Srivari Spices and Foods Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Srivari Spices and Foods (NSE:SSFL) 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.

Srivari Spices and Foods's Interest Expense for the six months ended in Mar. 2023 was ₹-6.7 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹51.8 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹40.3 Mil.

Srivari Spices and Foods's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	51.786	/	-6.748
	=	7.67

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

Srivari Spices and Foods (NSE:SSFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Srivari Spices and Foods Ltd (NSE:SSFL) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

207, Second Floor, RDB Blue Hope, 4-1-878, 876, 877 and 877/1, Abids, Hyderabad, TG, IND, 500001

Website

https://www.srivarispices.com

Srivari Spices and Foods Ltd is engaged in the business of manufacturing spices and flour (chakki atta) and marketing and selling them in and around Telangana and Andhra Pradesh. The company handpicks its raw materials from various parts of the country and processes its products with utmost care without the use of artificial preservatives or chemicals, thereby creating a product portfolio of organic spices and flour, which carry the freshness and goodness of each ingredient.

Srivari Spices and Foods (NSE:SSFL) Headlines

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