Swastik Pipe (NSE:SWASTIK) Interest Expense : ₹-134 Mil (TTM As of Mar. 2023)

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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. 2023 was ₹ -134 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-134 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. 2023 was ₹ 227 Mil. Swastik Pipe's Interest Expense for the six months ended in Mar. 2023 was ₹ -134 Mil. Swastik Pipe's Interest Coverage for the quarter that ended in Mar. 2023 was 1.70. 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

Interest Expense

-250.02

-198.89

-158.96

-133.61

Swastik Pipe Semi-Annual Data
	Mar20	Mar21	Mar22	Mar23
Interest Expense	-250.02	-198.89	-158.96	-133.61

Swastik Pipe Interest Expense Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Interest Expense for the trailing twelve months (TTM) ended in Mar. 2023 was ₹-134 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. 2023 was ₹-134 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹227 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹399 Mil.

Swastik Pipe'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	*	226.799	/	-133.609
	=	1.70

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

Swastik Pipe (NSE:SWASTIK) 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

2, Arihant Nagar, Punjabi Bagh (West), New Delhi, IND, 110026

Website

https://www.swastikpipes.com

Swastik Pipe Ltd is the manufacturer and exporter of Mild Steel/Carbon Steel ERW Black and Galvanized Pipes, Hallow Steel Pipe, API Pipe, Stainless Steel Tubes, Cold Rolled Steel (CR) Strips/ Coils, Swaged Type Tubular Poles, and Solar Structure.

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