Vinyas Innovative Technologies (NSE:VINYAS) Interest Expense : ₹ Mil (TTM As of Mar. 2023)

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What is Vinyas Innovative Technologies Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Vinyas Innovative Technologies's interest expense for the six months ended in Mar. 2023 was ₹ -89 Mil. Vinyas Innovative Technologies does not have enough years/quarters to calculate its interest expense for the trailing twelve months (TTM) ended in Mar. 2023.

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. Vinyas Innovative Technologies's Operating Income for the six months ended in Mar. 2023 was ₹ 203 Mil. Vinyas Innovative Technologies's Interest Expense for the six months ended in Mar. 2023 was ₹ -89 Mil. Vinyas Innovative Technologies's Interest Coverage for the quarter that ended in Mar. 2023 was 2.29. 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.

Vinyas Innovative Technologies Interest Expense Historical Data

The historical data trend for Vinyas Innovative Technologies'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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Vinyas Innovative Technologies Interest Expense Chart

Vinyas Innovative Technologies Annual Data

Trend

Mar21

Mar22

Mar23

Interest Expense

-73.06

-99.46

-88.60

Vinyas Innovative Technologies Semi-Annual Data
	Mar21	Mar22	Mar23
Interest Expense	-73.06	-99.46	-88.60

Vinyas Innovative Technologies Interest Expense Calculation

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

Vinyas Innovative Technologies (NSE:VINYAS) 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.

Vinyas Innovative Technologies's Interest Expense for the six months ended in Mar. 2023 was ₹-89 Mil. Its Operating Income for the six months ended in Mar. 2023 was ₹203 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Mar. 2023 was ₹192 Mil.

Vinyas Innovative Technologies's Interest Coverage for the quarter that ended in Mar. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2023 )	/	Interest Expense (Q: Mar. 2023 )
	=	-1	*	203.343	/	-88.604
	=	2.29

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

Vinyas Innovative Technologies (NSE:VINYAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vinyas Innovative Technologies Ltd (NSE:VINYAS) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

Plot No. 19, Survey No. 26 & 273-P, 3rd Phase, Koorgalli Industrial Area, Ilawala Hobali, Mysore, KA, IND, 570018

Website

https://www.vinyasit.com

Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.

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