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Veto Switchgears And Cables (NSE:VETO) Interest Expense : ₹-36 Mil (TTM As of Jun. 2024)


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What is Veto Switchgears And Cables Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Veto Switchgears And Cables's interest expense for the three months ended in Jun. 2024 was ₹ -4 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was ₹-36 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. Veto Switchgears And Cables's Operating Income for the three months ended in Jun. 2024 was ₹ 65 Mil. Veto Switchgears And Cables's Interest Expense for the three months ended in Jun. 2024 was ₹ -4 Mil. Veto Switchgears And Cables's Interest Coverage for the quarter that ended in Jun. 2024 was 16.74. 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.

Veto Switchgears And Cables Interest Expense Historical Data

The historical data trend for Veto Switchgears And Cables'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.

Veto Switchgears And Cables Interest Expense Chart

Veto Switchgears And Cables Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -31.07 -14.34 -35.00 -47.82 -41.45

Veto Switchgears And Cables Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -9.66 -15.73 -8.72 -7.34 -3.86

Veto Switchgears And Cables 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 Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-36 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.

Veto Switchgears And Cables  (NSE:VETO) 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.

Veto Switchgears And Cables's Interest Expense for the three months ended in Jun. 2024 was ₹-4 Mil. Its Operating Income for the three months ended in Jun. 2024 was ₹65 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was ₹0 Mil.

Veto Switchgears And Cables's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Jun. 2024 )/Interest Expense (Q: Jun. 2024 )
=-1*64.642/-3.861
=16.74

* 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.

Veto Switchgears And Cables Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Veto Switchgears And Cables Ltd (NSE:VETO) » Definitions » Interest Expense
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Traded in Other Exchanges
539331:India
Address
Tonk Road, Behind Hotel Radisson Blu, 4th Floor, Plot No. 10, Days Hotel, Durgapura, Jaipur, RJ, IND, 302018
Website
http://www.vetoswitchgears.com
Veto Switchgears And Cables Ltd is engaged in the manufacturing of electronic goods. Its product portfolio includes Wires, Cables, Electrical accessories, Industrial cables, Fans, Compact fluorescent lamps, Modular switches, Light-emitting diode lights, Immersion heaters, Miniature circuit breakers, and Distribution boards. The company's segment includes Wire and Cables; Lighting and Fittings and Accessories and Others. It generates maximum revenue from the Lighting and Fittings segment.

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