Salt Trading (XNEP:STC) Interest Expense : NPR-453 Mil (TTM As of Jul. 2023)

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What is Salt Trading Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Salt Trading's interest expense for the six months ended in Jul. 2023 was NPR -453 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jul. 2023 was NPR-453 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. Salt Trading's Operating Income for the six months ended in Jul. 2023 was NPR 525 Mil. Salt Trading's Interest Expense for the six months ended in Jul. 2023 was NPR -453 Mil. Salt Trading's Interest Coverage for the quarter that ended in Jul. 2023 was 1.16. 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.

Salt Trading Interest Expense Historical Data

The historical data trend for Salt Trading'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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Salt Trading Interest Expense Chart

Salt Trading Annual Data

Trend

Jul19

Jul20

Jul21

Jul22

Jul23

Interest Expense

-680.58

-616.79

-449.80

-279.23

-452.98

Salt Trading Semi-Annual Data
	Jul19	Jul20	Jul21	Jul22	Jul23
Interest Expense	-680.58	-616.79	-449.80	-279.23	-452.98

Salt Trading 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 Jul. 2023 was NPR-453 Mil.

Salt Trading (XNEP:STC) 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.

Salt Trading's Interest Expense for the six months ended in Jul. 2023 was NPR-453 Mil. Its Operating Income for the six months ended in Jul. 2023 was NPR525 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Jul. 2023 was NPR83 Mil.

Salt Trading's Interest Coverage for the quarter that ended in Jul. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jul. 2023 )	/	Interest Expense (Q: Jul. 2023 )
	=	-1	*	524.864	/	-452.981
	=	1.16

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

Salt Trading Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Salt Trading Corp (XNEP:STC) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kalimati, P.O.Box: 483, Kathmandu, NPL

Website

http://www.stcnepal.com

Salt Trading Corp is engaged in the trading and distribution of salt and daily consumer goods in Nepal. The main commodities in which the company deals are food products and agricultural products, construction materials, Fuel and Lubricants, and other materials. The company earns maximum revenue from Food and agricultural items. It has business segments namely Fertilizer Sales, Salt Sales, Sugar sales, and others.