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Thinking Hats Entertainment Solutions (NSE:THESL) Interest Expense : ₹ Mil (TTM As of Mar. 2024)


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What is Thinking Hats Entertainment Solutions Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Thinking Hats Entertainment Solutions's interest expense for the six months ended in Mar. 2024 was ₹ -5.5 Mil. Thinking Hats Entertainment Solutions does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2024.

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. Thinking Hats Entertainment Solutions's Operating Income for the six months ended in Mar. 2024 was ₹ 48.9 Mil. Thinking Hats Entertainment Solutions's Interest Expense for the six months ended in Mar. 2024 was ₹ -5.5 Mil. Thinking Hats Entertainment Solutions's Interest Coverage for the quarter that ended in Mar. 2024 was 8.90. 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.

Thinking Hats Entertainment Solutions Interest Expense Historical Data

The historical data trend for Thinking Hats Entertainment Solutions'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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Thinking Hats Entertainment Solutions Interest Expense Chart

Thinking Hats Entertainment Solutions Annual Data
Trend Mar22 Mar23 Mar24
Interest Expense
-0.01 -1.55 -5.49

Thinking Hats Entertainment Solutions Semi-Annual Data
Mar22 Mar23 Mar24
Interest Expense -0.01 -1.55 -5.49

Thinking Hats Entertainment Solutions Interest Expense Calculation

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

Thinking Hats Entertainment Solutions  (NSE:THESL) Interest Expense Explanation

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. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Thinking Hats Entertainment Solutions's Interest Expense for the six months ended in Mar. 2024 was ₹-5.5 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹48.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹9.2 Mil.

Thinking Hats Entertainment Solutions'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*48.863/-5.493
=8.90

* 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.

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

Thinking Hats Entertainment Solutions Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Thinking Hats Entertainment Solutions Ltd (NSE:THESL) » Definitions » Interest Expense
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Traded in Other Exchanges
N/A
Address
5th Floor, B 9 Pinnacle Business, Park Sector 3 Noida, Gautam Buddha Nagar, Noida, UP, IND, 201301
Website
https://www.thes.in
Thinking Hats Entertainment Solutions Ltd is a concept development, event design and production company that specializes in live events, corporate, MICE (Meetings, Incentives, Conferences and Exhibitions), social and virtual events to an OTT content production and experiential marketing company with a focus on content development, intellectual property curation and tech centric product development. The company operates in two reportable segment (Business segment) i.e. Event Management and OTT Sales. Key revenue is generated from Event Management segment.

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