Swastik Pipe (NSE:SWASTIK) Interest Expense : ₹-156 Mil (TTM As of Mar. 2024)

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What is Swastik Pipe Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Swastik Pipe's interest expense for the six months ended in Mar. 2024 was ₹ -64 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-156 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. Swastik Pipe's Operating Income for the six months ended in Mar. 2024 was ₹ 51 Mil. Swastik Pipe's Interest Expense for the six months ended in Mar. 2024 was ₹ -64 Mil. Swastik Pipe's Interest Coverage for the quarter that ended in Mar. 2024 was 0.79. 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.

Swastik Pipe Interest Expense Historical Data

The historical data trend for Swastik Pipe'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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Swastik Pipe Interest Expense Chart

Swastik Pipe Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

-250.02

-198.89

-158.96

-133.61

-156.19

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Sep22	Mar23	Sep23	Mar24
Interest Expense	Get a 7-Day Free Trial			-	-79.02	-54.59	-92.53	-63.66

Swastik Pipe 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 semi-annually data reported by the company within the most recent 12 months, which was ₹-156 Mil.

Swastik Pipe (NSE:SWASTIK) 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.

Swastik Pipe's Interest Expense for the six months ended in Mar. 2024 was ₹-64 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹51 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹338 Mil.

Swastik Pipe's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	50.601	/	-63.66
	=	0.79

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

Swastik Pipe Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Swastik Pipe Ltd (NSE:SWASTIK) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Asaf Ali Road, 1/23 B, First Floor, Daryaganj, Delhi, IND, 110002

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is engaged in manufacturing of ERW Black Pipe, Galvanized Steel Tubes, Cold Rolled Strips, S.T. Poles, Solar Mounting Structures, etc. The Company has two production plants at Bahadurgarh, Haryana and at Kosi Kalan U.P.

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