Techno Electric & Engineering Co (NSE:TECHNOE) Interest Expense : ₹-185 Mil (TTM As of Dec. 2023)

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What is Techno Electric & Engineering Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Techno Electric & Engineering Co's interest expense for the three months ended in Dec. 2023 was ₹ -40 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹-185 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. Techno Electric & Engineering Co's Operating Income for the three months ended in Dec. 2023 was ₹ 543 Mil. Techno Electric & Engineering Co's Interest Expense for the three months ended in Dec. 2023 was ₹ -40 Mil. Techno Electric & Engineering Co's Interest Coverage for the quarter that ended in Dec. 2023 was 13.75. 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.

Techno Electric & Engineering Co Interest Expense Historical Data

The historical data trend for Techno Electric & Engineering Co'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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Techno Electric & Engineering Co Interest Expense Chart

Techno Electric & Engineering Co Annual Data

Trend

Mar14

Mar15

Mar16

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Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Interest Expense

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-77.37

-8.56

-21.34

-63.83

-106.58

Techno Electric & Engineering Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-16.32	-62.93	-42.24	-39.83	-39.53

Techno Electric & Engineering Co 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-185 Mil.

Techno Electric & Engineering Co (NSE:TECHNOE) 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.

Techno Electric & Engineering Co's Interest Expense for the three months ended in Dec. 2023 was ₹-40 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹543 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0 Mil.

Techno Electric & Engineering Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	543.441	/	-39.528
	=	13.75

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

Techno Electric & Engineering Co (NSE:TECHNOE) Business Description

Industry

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542141:India

Address

71 Park Street, South Block, 1B and C Park Plaza, Kolkata, WB, IND, 700016

Website

https://www.techno.co.in

Techno Electric & Engineering Co Ltd provides engineering, procurement, and construction services to the power sector including generation, transmission, and distribution. Its segments construction, and others. The engineering, procurement and construction business provides solutions to several installed thermal and interregional transmission capacity in India. The company's source of revenue generation is by providing EPC services to the Transmission and Distribution Sector. It is also engaged in generation of wind power through Wind Turbine Generators in the states of Tamil Nadu & Karnataka.

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