Swadeshi Industries & Leasing Co (BOM:506863) Interest Expense : ₹0.00 Mil (TTM As of Dec. 2023)

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What is Swadeshi Industries & Leasing Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Swadeshi Industries & Leasing Co'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. Swadeshi Industries & Leasing Co's Operating Income for the three months ended in Dec. 2023 was ₹ -0.33 Mil. Swadeshi Industries & Leasing Co's Interest Expense for the three months ended in Dec. 2023 was ₹ 0.00 Mil. Swadeshi Industries & Leasing Co 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.

Swadeshi Industries & Leasing Co Interest Expense Historical Data

The historical data trend for Swadeshi Industries & Leasing 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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Swadeshi Industries & Leasing Co Interest Expense Chart

Swadeshi Industries & Leasing Co Annual Data

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Interest Expense

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-0.03

-0.01

Swadeshi Industries & Leasing Co Quarterly Data
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Swadeshi Industries & Leasing 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹0.00 Mil.

Swadeshi Industries & Leasing Co (BOM:506863) 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.

Swadeshi Industries & Leasing Co'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 ₹-0.33 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was ₹0.00 Mil.

Swadeshi Industries & Leasing Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Swadeshi Industries & Leasing Co had no long-term debt ⁽¹⁾.

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

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Swadeshi Industries & Leasing Co Ltd has enough cash to cover all of its debt. Its financial situation is stable.

Swadeshi Industries & Leasing Co (BOM:506863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Swadeshi Industries & Leasing Co Ltd (BOM:506863) » Definitions » Interest Expense

Traded in Other Exchanges

N/A

Address

72, Telipada Kaneri, Bhiwandi, Thane, MH, IND, 421302

Website

https://www.swadeshiglobal.com

Swadeshi Industries & Leasing Co Ltd is engaged in the business of textiles and trading and incidental activities. It is involved in marketing, distribution, and trading of Cloths. The company derives most of its revenues from the sale of the cloths business activities and has operations spread across India.

Swadeshi Industries & Leasing Co (BOM:506863) Headlines

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