Mid India Industries (BOM:500277) Interest Expense : ₹0.00 Mil (TTM As of Dec. 2023)

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What is Mid India Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Mid India Industries's interest expense for the three months ended in Dec. 2023 was ₹ 0.00 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was ₹0.00 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. Mid India Industries's Operating Income for the three months ended in Dec. 2023 was ₹ -1.55 Mil. Mid India Industries's Interest Expense for the three months ended in Dec. 2023 was ₹ 0.00 Mil. Mid India Industries has no long-term debt ⁽¹⁾. 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.

(1) Note: An indication of "no long-term debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

Mid India Industries Interest Expense Historical Data

The historical data trend for Mid India Industries'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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Mid India Industries Interest Expense Chart

Mid India Industries Annual Data

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Interest Expense

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Mid India Industries Quarterly Data
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Mid India Industries 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. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0.00 Mil.

Mid India Industries (BOM:500277) 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.

Mid India Industries's Interest Expense for the three months ended in Dec. 2023 was ₹0.00 Mil. Its Operating Income for the three months ended in Dec. 2023 was ₹-1.55 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.00 Mil.

Mid India Industries's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Mid India Industries had no long-term debt ⁽¹⁾.

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

Good Sign:

Mid India Industries Ltd has no debt.

Mid India Industries (BOM:500277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mid India Industries Ltd (BOM:500277) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

401, Princess Centre, 6/3, New Palasia, Indore, MP, IND, 452003

Website

https://www.midindiaindustries.com

Mid India Industries Ltd is a textile manufacturing company. Principally, it is engaged in the preparation and spinning of cotton fiber including blended cotton. The company offers products under categories regular which consist of cotton yarn, polyester and cotton blended, and polyester yarns and special products including cotton and blended yarn spindles, and rotors. It operates in two business segments that is trading and leasing divison. The firm derives majority revenue through the manufacturing and trading activity of cotton /polyster Cotton blended yarn.

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