Kaira Can Co (BOM:504840) Interest Expense : ₹-2 Mil (TTM As of Mar. 2024)

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What is Kaira Can Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Kaira Can Co's interest expense for the three months ended in Mar. 2024 was ₹ -1 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-2 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. Kaira Can Co's Operating Income for the three months ended in Mar. 2024 was ₹ 8 Mil. Kaira Can Co's Interest Expense for the three months ended in Mar. 2024 was ₹ -1 Mil. Kaira Can Co's Interest Coverage for the quarter that ended in Mar. 2024 was 13.67. 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.

Kaira Can Co Interest Expense Historical Data

The historical data trend for Kaira Can Co'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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Kaira Can Co Interest Expense Chart

Kaira Can Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-1.79

-0.05

-1.76

-1.98

-1.54

Kaira Can Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															0.06	-0.32	-0.18	-0.45	-0.60

Kaira Can Co 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-2 Mil.

Kaira Can Co (BOM:504840) 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.

Kaira Can Co's Interest Expense for the three months ended in Mar. 2024 was ₹-1 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹8 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹0 Mil.

Kaira Can Co's Interest Coverage for the quarter that ended in Mar. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Mar. 2024 )	/	Interest Expense (Q: Mar. 2024 )
	=	-1	*	8.214	/	-0.601
	=	13.67

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

Kaira Can Co (BOM:504840) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Kaira Can Co Ltd (BOM:504840) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dr. E. Moses Road, ION House, Mahalaxmi, Mumbai, MH, IND, 400 011

Website

https://www.kairacan.com

Kaira Can Co Ltd is a manufacturer of metal containers in India. The company's operating segments include Tin Containers and Ice Cream Cones. The Tin Containers segment manufactures Open Top Sanitary Cans, General Line Metal Containers, and Components for Metal Containers. The Ice Cream Cones segment manufactures Rolled Sugar Cones for filling Ice cream. It generates maximum revenue from the Tin Containers segment. Geographically, it derives a majority of its revenue from India. The company products are used in Dairy Products, Processed Foods, Sweets, Printed Sheets and others.

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