Steel City Securities (NSE:STEELCITY) Interest Expense : ₹-2.5 Mil (TTM As of Mar. 2024)

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What is Steel City Securities Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Steel City Securities's interest expense for the three months ended in Mar. 2024 was ₹ 1.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2.5 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. Steel City Securities's Operating Income for the three months ended in Mar. 2024 was ₹ 44.6 Mil. Steel City Securities's Interest Expense for the three months ended in Mar. 2024 was ₹ 1.2 Mil. Steel City Securities did not have earnings to cover the interest expense. 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.

Steel City Securities Interest Expense Historical Data

The historical data trend for Steel City Securities'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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Steel City Securities Interest Expense Chart

Steel City Securities Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-2.14

-1.15

-0.77

-1.82

-2.49

Steel City Securities 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															1.93	-1.30	-1.37	-0.98	1.17

Steel City Securities 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 ₹-2.5 Mil.

Steel City Securities (NSE:STEELCITY) 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.

Steel City Securities's Interest Expense for the three months ended in Mar. 2024 was ₹1.2 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹44.6 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹7.5 Mil.

Steel City Securities's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

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

Steel City Securities Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Steel City Securities Ltd (NSE:STEELCITY) » Definitions » Interest Expense

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Address

50-81-18, Seethammapeta Main Raod, Steel City Heights, Visakhapatnam, AP, IND, 530016

Website

https://www.steelcitynettrade.com

Steel City Securities Ltd is engaged in the business of retail broking (securities and commodity broking), DP Services, E-Governance, Services of EA of UIDAI, Corporate insurance agents, and marketing support services. The operating segment of the company are Stock Broking and DP Operations; and E-Governance Operations. It generates maximum revenue from the Stockbroking and DP Operations.

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