Tunwal E-Motors (NSE:TUNWAL) Interest Expense : ₹-20 Mil (TTM As of Mar. 2024)

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What is Tunwal E-Motors Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Tunwal E-Motors's interest expense for the six months ended in Mar. 2024 was ₹ -20 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-20 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. Tunwal E-Motors's Operating Income for the six months ended in Mar. 2024 was ₹ 169 Mil. Tunwal E-Motors's Interest Expense for the six months ended in Mar. 2024 was ₹ -20 Mil. Tunwal E-Motors's Interest Coverage for the quarter that ended in Mar. 2024 was 8.58. 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.

Tunwal E-Motors Interest Expense Historical Data

The historical data trend for Tunwal E-Motors'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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Tunwal E-Motors Interest Expense Chart

Tunwal E-Motors Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Interest Expense

-3.23

-7.38

-9.40

-19.72

Tunwal E-Motors Semi-Annual Data
	Mar21	Mar22	Mar23	Mar24
Interest Expense	-3.23	-7.38	-9.40	-19.72

Tunwal E-Motors 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 ₹-20 Mil.

Tunwal E-Motors (NSE:TUNWAL) 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.

Tunwal E-Motors's Interest Expense for the six months ended in Mar. 2024 was ₹-20 Mil. Its Operating Income for the six months ended in Mar. 2024 was ₹169 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2024 was ₹28 Mil.

Tunwal E-Motors'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	*	169.122	/	-19.715
	=	8.58

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

Tunwal E-Motors Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tunwal E-Motors Ltd (NSE:TUNWAL) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rama Icon Commercial Building, Office No 501, 5th Floor, S.No 24/2, C.T.S No. 2164, Plot No. 31/11 Sadashiv Peth, Pune, MH, IND, 411030

Website

https://www.tunwal.com

Tunwal E-Motors Ltd is engaged in the design, development, manufacturing, and distribution of electric two-wheelers. It has 23 models including various variants of two-wheelers. The company's products include Mini Sports 63 - 48V, Mini Lithino, Storm Zx, Lithino Li, ROMA, ALFA PRO, etc.

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