La Tim Metal & Industries (BOM:505693) Interest Expense : ₹-66 Mil (TTM As of Mar. 2024)

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What is La Tim Metal & Industries Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. La Tim Metal & Industries's interest expense for the three months ended in Mar. 2024 was ₹ -16 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was ₹-66 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. La Tim Metal & Industries's Operating Income for the three months ended in Mar. 2024 was ₹ 39 Mil. La Tim Metal & Industries's Interest Expense for the three months ended in Mar. 2024 was ₹ -16 Mil. La Tim Metal & Industries's Interest Coverage for the quarter that ended in Mar. 2024 was 2.44. 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.

La Tim Metal & Industries Interest Expense Historical Data

The historical data trend for La Tim Metal & 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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La Tim Metal & Industries Interest Expense Chart

La Tim Metal & Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Interest Expense

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-59.57

-62.97

-39.63

-59.79

-66.39

La Tim Metal & Industries 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															-13.16	-13.19	-21.21	-15.83	-16.15

La Tim Metal & 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-66 Mil.

La Tim Metal & Industries (BOM:505693) 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.

La Tim Metal & Industries's Interest Expense for the three months ended in Mar. 2024 was ₹-16 Mil. Its Operating Income for the three months ended in Mar. 2024 was ₹39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Mar. 2024 was ₹357 Mil.

La Tim Metal & Industries'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	*	39.402	/	-16.154
	=	2.44

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

La Tim Metal & Industries (BOM:505693) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » La Tim Metal & Industries Ltd (BOM:505693) » Definitions » Interest Expense

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Traded in Other Exchanges

890191:India

Address

Bajaj Road, 2nd Floor, 201, Navkar Plaza, Vile Parle (West), Mumbai, MH, IND, 400056

Website

http://www.latimmetal.com

La Tim Metal & Industries Ltd is engaged in the business of importing coils and profile sheets of steel and trading them into the Indian market. The colour coated coils and profiles are mainly consumed in construction and infrastructure sector. The company's two reporting segments are Trading of Goods and Real Estate Development Activity.

La Tim Metal & Industries (BOM:505693) Headlines

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