Swaraj Suiting (NSE:SWARAJ) Interest Expense : ₹-85 Mil (TTM As of Mar. 2023)

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What is Swaraj Suiting Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Swaraj Suiting's interest expense for the six months ended in Mar. 2023 was ₹ -57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-85 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. Swaraj Suiting's Operating Income for the six months ended in Mar. 2023 was ₹ 115 Mil. Swaraj Suiting's Interest Expense for the six months ended in Mar. 2023 was ₹ -57 Mil. Swaraj Suiting's Interest Coverage for the quarter that ended in Mar. 2023 was 2.00. 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.

Swaraj Suiting Interest Expense Historical Data

The historical data trend for Swaraj Suiting'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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Swaraj Suiting Interest Expense Chart

Swaraj Suiting Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

-41.50

-52.33

-29.48

-29.26

-84.77

Swaraj Suiting Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
Interest Expense	Get a 7-Day Free Trial			-	-16.65	-12.62	-27.33	-57.44

Swaraj Suiting 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. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ₹-85 Mil.

Swaraj Suiting (NSE:SWARAJ) 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.

Swaraj Suiting's Interest Expense for the six months ended in Mar. 2023 was ₹-57 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹115 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹556 Mil.

Swaraj Suiting'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	*	114.632	/	-57.44
	=	2.00

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

Swaraj Suiting (NSE:SWARAJ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Swaraj Suiting Ltd (NSE:SWARAJ) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

RIICO Growth Centre, F-483 To F-487, Hamirgarh, Bhilwara, RJ, IND, 311025

Website

https://www.swarajsuiting.com

Swaraj Suiting Ltd is mainly engaged into the textile industry. It operates under various verticals namely manufacturing of denim, grey fabric, weaving on a Job Work basis, trading of the finished fabric and grey fabric and yarn. The company operates in four states Rajasthan, Gujarat, Madhya Pradesh and Maharashtra. The company generates the majority of its revenue from Finish Fabrics sale.

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