Vardhman Polytex (NSE:VARDMNPOLY) Interest Expense : ₹-108 Mil (TTM As of Dec. 2024)

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What is Vardhman Polytex Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vardhman Polytex's interest expense for the three months ended in Dec. 2024 was ₹ -36 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-108 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. Vardhman Polytex's Operating Income for the three months ended in Dec. 2024 was ₹ 245 Mil. Vardhman Polytex's Interest Expense for the three months ended in Dec. 2024 was ₹ -36 Mil. Vardhman Polytex's Interest Coverage for the quarter that ended in Dec. 2024 was 6.83. 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.

Vardhman Polytex Interest Expense Historical Data

The historical data trend for Vardhman Polytex'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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Vardhman Polytex Interest Expense Chart

Vardhman Polytex Annual Data

Trend

Mar15

Mar16

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Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-596.95

-590.17

-641.70

-512.12

-33.58

Vardhman Polytex Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															225.83	-1.47	-44.39	-26.00	-35.87

Vardhman Polytex 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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-108 Mil.

Vardhman Polytex (NSE:VARDMNPOLY) 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.

Vardhman Polytex's Interest Expense for the three months ended in Dec. 2024 was ₹-36 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹245 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Vardhman Polytex's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	244.894	/	-35.87
	=	6.83

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

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Vardhman Polytex Ltds earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Vardhman Polytex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Vardhman Polytex Ltd (NSE:VARDMNPOLY) » Definitions » Interest Expense

Traded in Other Exchanges

514175:India

Address

Chandigarh Road, Vardhman Park, Ludhiana, PB, IND, 141123

Website

https://www.oswalgroup.com

Vardhman Polytex Ltd is an Indian company operating in the Textile industry. The company is engaged in the manufacturing and export of cotton fabric and branded yarn. It is also engaged in the Real Estate business. It has production facilities located in Bathinda, Ludhiana, and Nalagarh in India. The Company's principal activity is the manufacturing of yarn & garments. Its product range includes yarns, fabrics, and garments including compact yarns, Organic Cotton Yarns, Dyed Yarns, polo t-shirts, round neck t-shirts, hoodies, and sweatshirts for men, women, and kids. It generates the majority of the revenue from the Textile Business. Geographically it covers the Indian and International Market.

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