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Trom Industries (NSE:TROM) Interest Expense : ₹-6.6 Mil (TTM As of Mar. 2024)


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What is Trom Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Trom Industries's interest expense for the six months ended in Mar. 2024 was ₹ -6.6 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-6.6 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. Trom Industries's Operating Income for the six months ended in Mar. 2024 was ₹ 82.3 Mil. Trom Industries's Interest Expense for the six months ended in Mar. 2024 was ₹ -6.6 Mil. Trom Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 12.39. 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.

Trom Industries Interest Expense Historical Data

The historical data trend for Trom Industries'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.

* Premium members only.

Trom Industries Interest Expense Chart

Trom Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Interest Expense
-4.83 -2.40 -6.35 -6.64

Trom Industries Semi-Annual Data
Mar21 Mar22 Mar23 Mar24
Interest Expense -4.83 -2.40 -6.35 -6.64

Trom Industries 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. 2024 was ₹-6.6 Mil.

* 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.

Trom Industries  (NSE:TROM) 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.

Trom Industries's Interest Expense for the six months ended in Mar. 2024 was ₹-6.6 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹82.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹35.7 Mil.

Trom Industries'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*82.263/-6.641
=12.39

* 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.

Trom Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trom Industries Ltd (NSE:TROM) » Definitions » Interest Expense
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NSE:AGNI BOM:542851 BOM:538786 BOM:533298 BOM:513575 BOM:539337 BOM:541228 FSLR NSE:WAAREEENER SHSE:600438 NXT SHSE:688223 NSE:PREMIERENE ENPH SHSE:688472 SZSE:002459 SHSE:688599 HKSE:06865 XKRX:009830 HKSE:03800
Traded in Other Exchanges
N/A
Address
Sargasan Cross Road, 4th Floor, 421, Pramukh Tangent, Gandhinagar, GJ, IND, 382421
Website
https://www.tromindustries.com
Trom Industries Ltd is a Solar EPC (Engineering, Procurement, and Construction) company engaged in residential solar rooftop, industrial solar power plants, ground-mounted solar power plants, and solar street lights.

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